The Bulgarian Finance Ministry has reported that the balance on the consolidated fiscal program for 2016 is positive and to the tune of close to 1.5 billion leva /about 750 billion euro/. The amount corresponds to about 1.6% of the prognosticated GDP of the country. The previous year saw a deficit to the tune of 2.8% of GDP meaning that compared to the same period of 2015 the budget’s position has improved by 4.4 percentage points.The year 2016 has been the first fiscal year since 2008 to see a surplus of the consolidated fiscal program.
Increasing energy connectivity between countries in the region of Southeast Europe will reduce electricity prices, increase competitiveness and security of supply . This was stated by Energy Minister Zhecho Stankov at the Energy Summit, organized by the..
The common will and economic potential of the two countries are important prerequisites for the upward development of bilateral relations, said President Rumen Radev at a meeting with the Ambassador of Vietnam Do Hoang Long . The meeting was also..
The prospects for developing the significant potential of tourism in Bulgaria were discussed at a meeting between the Bulgarian Head of State Rumen Radev and the Secretary-General of the UN World Tourism Organization Zurab Pololikashvili. The..
According to data from Eurostat, Bulgaria has met the final criterion for joining the eurozone, namely price stability, Minister of Finance Temenuzhka..
The Ministers of Agriculture of Bulgaria, Hungary, Romania and Slovakia have called on the European Commission to restore pre-war import quotas for..
Sofia has taken over the presidency of the most prestigious local government forum in the Balkans – B40. The capital’s mayor Vasil Terziev accepted the..
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