Budget 2023 is provisional, economic policies for 2024 will be important.

published on 7/30/23 12:53 PM

Photo: BTA

The budget for 2023 comes into force late, we cannot expect miracles or anything extraordinary to happen in the next 5 months, Eurofound Executive Director Ivaylo Kalfin told BNR.

"This budget is simply so that we have a budget to the end of the year. There are no policies in it," said Kalfin, who is a former Bulgarian vice-premier, minister of social affairs and minister of foreign affairs.

"It will be more interesting to see next year's budget, where policies are imperative, especially in the differential taxation of personal income. In its current form, taxation accelerates inequality," Kalfin said. According to him, Bulgaria is ready for Schengen, but this depends on the decision of the Netherlands and Austria and is not related to the agenda of the Bulgarian authorities.

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In three months, the average salary in Bulgaria went up 5.3% to EUR 1,315.

Preliminary data from the National Statistical Institute (NSI) shows a 1.3% increase in employment from March to June 2025, reaching 2.38 million. The..

published on 8/12/25 4:47 PM

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Eurofound Executive Director Ivaylo Kalfin:

Budget 2023 is provisional, economic policies for 2024 will be important.

More from category

In three months, the average salary in Bulgaria went up 5.3% to EUR 1,315.

The Bulgarian National Bank (BNB) expects inflation in the country to continue to rise until the end of 2025

The economy of expectations – how the fear of price increases actually leads to price increases

In three months, the average salary in Bulgaria went up 5.3% to EUR 1,315.