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.
The unemployment benefits in Sofia-city are higher than the minimum monthly wage in the country. They amount to 1,113 Leva (EUR 579.29) a month and are the highest for the entire country, indicate National Statistical Institute data. At the same..
During his official visit to Montenegro, Bulgarian PM Rosen Zhelyazkov inaugurated a memorial bust to Prince Alexander I of Bulgaria at the faculty of political sciences of the state university in Podgorica. In a lecture delivered to students..
"Solidarity Bulgaria" organization of former trade union leader Vanya Grigorova has launched a petition demanding that the retirement age not be increased above 65 years. At a press conference in Sofia, Grigorova, together with her colleague, Sofia..
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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