Bulgaria’s President Rumen Radev described the 2021 state budget as “inadequate to the reality and the challenges the country will face”, our reporter Mira Stefanova informs. In President Radev’s view, the revenues set in next year’s budget have nowhere to come from and social expenditures will be suspended.
The next cabinet will be placed in an extremely unfavorable situation- a depleted treasury, bankrupt households and businesses, lack of revenues, zero reforms and, most likely, social tensions.
In response, Deputy Premier Tomislav Donchev said that a new measure is support of the business to the tune of EUR 87 million will be announced on Monday.
President Rumen Radev has returned for new discussion in the National Assembly the amendments to the State Agency for National Security (SANS) Act, adopted on October 2 this year, which assign the power to appoint or dismiss the chairman of the agency..
On Wednesday, the lowest temperatures will range between 6°C and 11°C, around 7°C in Sofia. Cloud cover will remain significant over most of the country, with rain showers in parts of Eastern Bulgaria and the mountains, more intense in the Rhodope..
In its new World Economic Outlook report, the IMF has raised its forecasts for Bulgarian economic growth this year and next, compared to its estimates from April. At the same time, IMF expects increase in inflation, as well as a decrease in the..
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