After a meeting with the president, We Continue the Change party stated the caretaker cabinet must submit a draft budget for 2023 to the National Assembly.
The deadline for submitting a budget for next year is today, 31 October. At an extraordinary meeting of the National Council for Tripartite Cooperation, Finance Minister in the caretaker government Rositza Velkova stated that the budget is the country’s financial plan and the government programme of the majority which has not yet been formed. In her words, there has never been a caretaker government under which a state budget has been adopted. At the Council meeting, the cabinet proposed, to the social partners and the employers, a bill on extending the implementation of the old, 2022 budget until a new, regular government is formed.
The Bulgarian National Bank has lowered the base interest rate for the second consecutive month. As of August 1, it stands at 3.53%, down from 3.63% in July. Since the end of 2023, the base interest rate has been gradually falling. From February..
Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in 2024 will be 2.9%. The ongoing domestic political crisis and the likelihood of new early elections..
Until the end of 2024, businesses will continue to receive compensations for high electricity prices. They will be 100% after a price of over 90 euros per megawatt hour on the stock exchange. The previous threshold was 100 euros. The..
T he LNG terminal near the Greek town of Alexandroupolis has officially srarted commercial operations today, the Greek company Gastrade announced. The..
In September, the overall Business Climate Indicator for the country decreased by 1 point compared to August. The decline reflects a less favourable..
The final price proposed by Bulgargaz for the sale of natural gas to its customers in October is BGN 63.72 (EUR 32.58) per megawatt-hour before tax. The..
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