Finance Minister in the caretaker cabinet Rositza Velkova has asked the ministries, by letter, to cut expenditure by 20% due to a risk to the budget, Trud and 24 Chasa write in their online versions. The cause for concern is the..
“There is a need to raise people’s incomes, because their cost of living has increased. End of story!”, contends Dimitar Manolov, President of the Confederation of Labor “Podkrepa”. Bulgaria’s two largest trade unions - the Confederation of Labor..
We Continue the Change party called on the caretaker government to submit a budget for 2023 to parliament. The proposal of the Council of Ministers to extend the budget for 2022 is a possible decision, but it is wrong because what is needed is..
“The idea of pumping money from the budget into the economy is absurd. That is only going to boost inflation. Because of the expected lower GDP growth rate, or even possible decline, we need to restrict spending but investment expenditure should..
If no regular government was formed, the caretaker cabinet would propose implementing this year's budget after January 1, Finance Minister Rositsa Velkova has told the parliament. The caretaker cabinet has no power to make policies..
Saving is the only way to finance extra expenditure until the end of the year, as no revenue over-performance is expected, Bulgaria’s caretaker Minister of Finance Rositsa Velkova said. Minister Velkova pointed out that the mid-year budget..
The Road Trip Index 2022 by the leading world travel application KAYAK breaks down 33 countries by 24 individual factors depending on what they each offer and the type of trip one wants to take. The rankings from this study are divided into five..
Following two days of debates, Bulgaria’s lawmakers have finally adopted the amendment of the 2022 state budget. “The MPs exercised responsibility against the backdrop of a complicated political situation. It will be difficult, yet not impossible,..
Employers have expressed concerns about the proposal for updating the state budget, which is to be voted on at second reading. According to Vasil Velev, chairman of the Industrial Capital Association, the changes are likely to shake the financial..
Pensions will be raised by 6.1% from July 1 due to the delayed final vote on the budget updates in the National Assembly. According to the initial intentions, each retiree should have received a 10% rise plus a supplement of 30 euros per month...
