The national priorities must be Schengen membership by the end of this year, entering the Eurozone by January 2025 and the Organization for Economic Cooperation and Development (OECD) by 2026, said the Bulgarian Industrial Capital Association (BICA). Employers expect MPs to elect a National Assembly speaker and a regular cabinet and adopt a regular budget, BICA President Vasil Velev said for the BNT. BICA calls for reducing the costs for administration, which increased with 112% as compared to 2019. According to BICA, social spending also increased too much.
“If nothing changes, there will be a budget deficit of about 7%. If our goal is to have a 3% deficit, our GDP has to be twice as big, which cannot happen in the next 5 or 6 years”, Vasil Velev said.
The average gross monthly salary in Bulgaria for July 2025 was BGN 2,570 (EUR 1,314.02), for August BGN 2,497 (EUR 1,276.7), and for September BGN 2,580 (EUR 1.319). The average monthly salary increased by 12.0% compared to the third quarter of..
Today, Bulgaria’s Head of State Rumen Radev met at the presidency building with Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó. The two discussed Europe’s prospects for addressing current challenges. Péter Szijjártó is visiting..
On Friday morning, fog or low clouds are expected in many lowlands, basins and around water bodies. It will be mostly sunny during the day. In the lower valleys of the Tundzha and Maritsa rivers, fog will persist until around noon, while in the..
Bulgaria’s GDP is expected to grow 3% this year, the European Commission said in its Autumn Economic Forecast, as reported by BTA. The projection marks..
The European Commission has approved 70 projects across the EU , worth more than €600 million , to support alternative fuels and reduce vehicle..
On Tuesday, overnight lows will range from 7°C to 12°C, rising to 12–16°C in eastern Bulgaria and around 9°C in Sofia. It will be a cloudy day with rain,..
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Scattered showers