Former Finance Minister Simeon Dyankov has warned that Bulgaria’s budgetary situation remains strained, predicting that the deficit in 2025 will exceed the 3% threshold. In an interview with BNT, he stated that the current deficit was between 5% and 6%, and reducing it by half to meet the Maastricht criteria would be extremely difficult. According…
In recent months, sales of residential properties in Bulgaria’s major cities have risen sharply. The demand for housing continues to outstrip supply, leading to a steady increase in prices. According to Eng. Georgi Shopov, chairman of the National Association of Construction Entrepreneurs, this trend is driven by two fundamental factors: housing is a basic necessity,…
While on an official visit to the Republic of Croatia, Prime Minister of Ukraine Denys Shmyhal met with representatives of Croatian businesses, thanked them for their assistance in defence and called on them to join projects to restore the country. “Today, Ukraine is a country of opportunities for private capital,” the Prime Minister stressed and…
Bulgaria’s readiness to join the eurozone has become a hot topic, with varying opinions emerging from politicians and parties. Andrey Valchev, a member of the Bulgarian Socialist Party (BSP), stated on Nova TV that Bulgaria was not yet ready to adopt the euro. He emphasized that citizens should not bear the consequences of the country’s…
The Ministry of Finance, led by the minister Temenuzhka Petkova, announced that until February 14, a new draft of the State Budget Act for 2025, as well as the draft budgets for the National Health Insurance Fund and the State Social Insurance, would be submitted to the Council of Ministers. The proposed budget aims to…
The Government has approved a decision that will allow it to receive EUR 200 million from the European Investment Bank to ensure the operation of Kaniv, Kremenchuk and Dnipro HPPs. This was announced by Prime Minister Denys Shmyhal at a meeting of the Cabinet on January 28. These funds are needed to purchase equipment to…
The European Union has extended sanctions against Russia until the end of the year, targeting various sectors including trade, finance, technology and personal rights. The EU also reiterated its readiness to impose additional measures if deemed necessary. Former Deputy Defense Minister of Bulgaria Yordan Bozhilov emphasized that sanctions were a key tool for the EU,…