The Ministry of Finance has projected a significant increase in the state debt over the period from 2025 to 2028, estimating a rise of about 1.7 times. According to the Draft Strategy for State Debt Management for this period, the ratio of state debt to GDP is expected to grow steadily, reaching 27.7% until the…
The Ministry of Finance has decided to abandon the proposed tax on subsoil resources, according to Acting Deputy Prime Minister and Minister of Finance Lyudmila Petkova. During a parliamentary blitz control, Petkova explained that the Minister of Energy would increase concession fees to compensate, at least partially, for the anticipated revenue loss. Additionally, a one-time…
During a hearing, Acting Energy Minister Vladimir Malinov indicated that electricity prices might increase during the current heating season. He refrained from making a precise forecast but emphasized the expected rise in consumption. According to Malinov, the electricity regime in Bulgaria remains secure, but the increased demand during the winter months could surpass the levels…
The Bulgarian National Bank (BNB) has expressed strong opposition to the draft state budget for 2025, which is set to be officially submitted to the National Assembly by the caretaker government. The central bank’s position highlights several concerns regarding the proposed budget’s parameters and its potential negative impact on Bulgaria’s fiscal stability and long-term economic…
Bulgaria Air has announced the resumption of its flights to and from Tel Aviv starting from December 26. The decision was made following an improvement in the conditions for operating civil flights in Israel’s airspace and a thorough risk assessment to ensure the safety of passengers and crews. The airline will continue to monitor developments…
The Ministry of Finance has unveiled the draft budget for 2025, alongside the updated medium-term fiscal forecast covering 2025 to 2028. The draft foresees a 3% deficit for the upcoming four years, while the country’s state debt is projected to rise to 81 billion leva until 2028. The budget’s revenue is expected to reach 92.5…
Housing affordability in Sofia has improved since the pandemic, making it one of the few capitals in Central and Eastern Europe (CEE) to experience this positive trend, according to a report by Colliers International. The consultancy examined housing affordability from two key perspectives: the ability of an average salary earner to secure a loan from…