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 July 24 to 26, Kyustendil will host the 21st edition of the International Folklore Festival "Srebarna Pafta/Silver Belt Buckle" – a celebration of cultural diversity and dance art from around the world, BTA reports. The festival will bring..
On Thursday morning, temperatures will range from 19 to 23°C, 21°C in Sofia. Considerable cloud cover is expected over the eastern regions during the morning, with showers likely in north-eastern Bulgaria. The rest of the country will see sunny weather...
The National Assembly adopted a declaration condemning the ongoing war against Ukraine and the political repression of Vladimir Putin's regime with 112 votes in favour. The draft document was submitted by We Continue the Change – Democratic Bulgaria..
A Moroccan national was shot while illegally crossing the Bulgarian-Turkish border near the village of Zvezdets, Chief Commissioner Anton Zlatanov,..
An organized crime group involved in circulating counterfeit banknotes – dollars and euros, as well in holding counterfeit Bulgarian..
Bulgarian students won four bronze medals and one honorable mention at the 2025 International Physics Olympiad held in Paris, the Ministry of..
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