The country's financial situation and preparations for this year's budget were discussed at today's meeting of the Joint Governance Council. Speaking at a briefing after the meeting, Prime Minister Rosen Zhelyazkov said that the government would not increase the social security burden and change taxes when preparing the budget for 2025. The budget will meet the legal requirements - spending up to 40% of GDP and a budget deficit not exceeding 3%.
However, he did not specify what spending restrictions would be imposed to maintain the 3% deficit. The exchange rate of the Bulgarian lev to the euro is fixed and will not change, Zhelyazkov assured.
In another development, Prime Minister Rosen Zhelyazkov has dismissed Lyudmila Petkova as deputy finance minister. She headed the Finance Ministry in two caretaker cabinets before her brief stint as deputy minister in Zhelyazkov's cabinet. Petkova was acting finance minister when reports emerged of a 19 billion leva shortfall in the state treasury.
From today until September 12, NATO and Bulgaria will hold one of the world’s largest and most complex emergency management exercises — BULGARIA 2025, the Ministry of Interior announced. It will be hosted by the Professional Training Centre for first..
NATO Deputy Secretary General Radmila Šekerinska arrives in Bulgaria today for a two-day visit, according to a NATO press statement. The Deputy Secretary General will have a number of bilateral engagements. While in Bulgaria, Ms Shekerinska will..
On Sunday, the weather will be mostly sunny with occasional increases in cloud cover, but little to no precipitation is expected. There will be a light to moderate northeasterly wind. Maximum temperatures will range between 28°C and 33°C, around 30°C..
An International Monetary Fund mission will visit Bulgaria as part of its annual review of the country’s economy , the Fund said in a statement...
A Bulgarian delegation recently visited Kyiv at the invitation of President Volodymyr Zelensky , Ukraine’s ambassador to Sofia Olesya Ilashchuk said on..
On Wednesday minimum temperatures will range between 13 and 18° C., for Sofia 15° C. During the day the weather will be predominantly sunny with..
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