The Bulgarian cabinet increased the allowable 2020 budget deficit to 2.9% of the gross domestic product at an extraordinary video-conference sitting. Shifting from the initially-planned balanced budget to budget deficit aims to finance the extraordinary measures taken to deal with the COVID-19 epidemic. The government debt issuance ceiling increases from EUR 1.1 billion to EUR 5 billion. Since the beginning of 2020 the country issued government bonds to the tune of EUR 400 million and a new tender for another EUR 100 million is scheduled for the beginning of April. The changes adopted by the government will be submitted to Bulgaria’s National Assembly for approval.
An additional €100 million should be urgently earmarked for public sector pay rises, the Confederation of Independent Trade Unions of Bulgaria (CITUB) is demanding ahead of the second reading of the 2025 budget in the National Assembly next week. In..
Students can now test their skills in solving PISA tasks online. The Ministry of Education and Science has set up a module on its website with a link to the special platform. It contains sample tests in three areas - science, mathematics and reading -..
Far-right Georgescu banned from Romanian election by final ruling Romanian far-right populist Calin Georgescu will not be allowed to stand in Romania's presidential elections in May. His candidacy has been cancelled by the Central Election Commission...
Bulgarian citizens and road hauliers should avoid traveling to Serbia on March 15 and 16 except in cases of extreme necessity , until the protest actions..
Bulgarian Ambassador to the United States Georgi Panayotov and Raycho Raychev, founder and CEO of the Bulgarian company EnduroSat , met with experts..
The prehistoric complex "Provadiya-Solnitsata" - the oldest salt production and urban centre in Europe (5600 - 4350 BC) - is among the sites nominated..
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