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 most successful Bulgarian Commercial and Economic Offices abroad for 2024 will be honoured today at an awards ceremony at the Bulgarian Chamber of Commerce and Industry (BCCI). The 15th edition of the awards is jointly organized by the Bulgarian..
Parliament has adopted the first reading of amendments to the Law on the Introduction of the Euro. According to the draft amendments, which were originally passed in August 2024, the period from 8 August 2025 to 31 December 2026 will require all prices..
The Non-Food Traders Association (NFTA), which represents major retail chains in Bulgaria, has strongly opposed the proposed amendment to the Euro Introduction Act . According to the association, the changes are being considered at the last minute,..
A Moroccan national was shot while illegally crossing the Bulgarian-Turkish border near the village of Zvezdets, Chief Commissioner Anton Zlatanov,..
Bulgaria’s National Assembly has passed, at second reading, amendments to the Road Traffic Act. Municipal cameras and those from the national toll..
Bulgaria has resubmitted its second request for payment under the National Recovery and Resilience Plan (NRRP), amounting to EUR 653 million. The..
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