The ratio of government debt to gross domestic product (GDP) in EU countries rose to 81.8% at the end of the first quarter of 2025, up from 81% at the end of the fourth quarter of 2024. This is according to the latest data published today by the European statistical agency Eurostat. Bulgaria recorded the lowest government debt-to-GDP ratio among EU countries at 23.9%. Compared to the fourth quarter of 2024, Bulgaria’s ratio decreased by 0.2 percentage points.
Bulgaria’s state budget for 2025 does not add up. “The genie is out of the bottle – the state has never spent at such a pace,” warn financial experts. With only a few months left in the year, and despite the strenuous efforts of institutions such as the..
Bulgaria’s state gas supplier Bulgartransgaz has been “decapitalised” by a contract with Turkish company Botaş, Energy Minister Zhecho Stankov warned on Thursday, saying the deal could also threaten gas supplies to local district heating companies...
In the second quarter of the year, the average salary increased by 12% year over year, reaching €1,315.04. Borislav Gutsanov, the Minister of Labor and Social Policy, announced this information after today's meeting of the National Council for..
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