According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify. CITUB President Plamen Dimitrov unveiled striking statistics during a press conference, sourced from the Institute for Social and Trade Union Research and Training’s (ISSIO) Monitoring of Consumer Prices and Living Wage report…
On April 22, on Earth Day, President Maia Sandu promulgated the new Forestry Code, which brought many new mechanisms for the protection of the forests. The head of state pointed out that with the launch of the National Afforestation Programme, foresters had raised an old problem – forests previously planted on the land of city…
Prime Minister Dorin Recean has met with IMF team led by Clara Mira. They discussed current state of implementation of the programme with the International Monetary Fund (IMF), developments in the implementation of the reform agenda, as well as progress in the country’s economic development. The experts will be in Chisinau from April 22 to…
Poland will borrow a further EUR 250 million (1.1 billion zloty) from World Bank to finance the government’s “Clean Air” programme, aimed at to tackling poor air quality by providing subsidies for households to upgrade to cleaner heating systems and improve insulation. “We have signed an agreement with the World Bank for EUR 250 million…
Minister of Finance, Lyudmila Petkova, revealed the nation’s fiscal reserve, standing at BGN 10.9 billion as of April 18, amidst financial fluctuations and strategic fiscal decisions. Petkova, addressing reporters, elucidated the trajectory of the fiscal reserve, providing insights into its recent fluctuations and underlying dynamics. Notably, she highlighted the concerted efforts to bolster the reserve,…
Prime Minister Dorin Recean paid a visit to the guesthouse “Casuta din deal” in the village of Pohrebea, which had ten beds. The owner of the family business, Ion Repida, said that although he had requests to go abroad five years ago he decided to stay in Moldova and open a rural house. For its…
Bulgaria’s anticipated entry into the Eurozone is shadowed by uncertainty, as officials caution that the prospect may be delayed amidst persisting inflation challenges. Dimitar Radev, Governor of the Bulgarian National Bank (BNB), and former Minister of Economy Bogdan Bogdanov, shed light on the pressing issues hindering Bulgaria’s path to Eurozone accession in interviews with media…