Text size

The caretaker government continues to work for Bulgaria's accession to the euro area

published on 12/4/22 4:55 PM

Rositsa Velkova

Photo: BGNES

Raising the minimum wage from EUR 363 to EUR 435 is a very high increase, interim Finance Minister Rositsa Velkova told BNR. She exlained that a rise of 5 euros leads to a budget deficit of 25.5 million euros. There should be an increase, but not like this, Ms. Velkova said, reiterating that the caretaker government has no right to submit a state budget to parliament.

Bulgaria meets the debt and deficit requirements well, although they are currently derogated, interim Deputy Prime Minister Atanas Pekanov told BNT. Although inflation is slightly higher, the country is coping well with the criteria for the introduction of the euro. The work to enter the eurozone on January 1, 2024, is ongoing, Pekanov said.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy criteria deficit eurozone

More from category

Natural gas prices up 3% in October

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 3% price increase is expected to be approved by the Energy Regulatory Commission. The October price..

published on 10/1/24 5:12 PM

Commercial operations of the Alexandroupolis LNG terminal begin

T he LNG terminal near the Greek town of Alexandroupolis has officially srarted commercial operations today, the Greek company Gastrade announced. The facility features state-of-the-art technology with a maximum regasification capacity of 5.5 billion..

published on 10/1/24 11:01 AM

NSI: Business expectations fall due to uncertain economic environment

In September, the overall Business Climate Indicator for the country decreased by 1 point compared to August. The decline reflects a less favourable assessment in the industry sector, where the indicator fell by 5.2 points. Managers in industry reported..

published on 9/30/24 2:02 PM