Petar Ganev, senior researcher at the Institute for Market Economics announced, for the BNR, the publication of their white paper of the Bulgarian economy – Unlocking growth: the road ahead after the election.
“Concord should be sought and a budget must be adopted. We shouldn’t start another year without a budget, and such a risk does exist,” Petar Ganev said. “There should be some kind of concord around the big target of not exceeding the 3% deficit. In the mid-term the deficit should disappear. This means expenditure containment,” he said. Unpopular decisions will have to be taken, every item of expenditure must be accompanied by a budget cut in another sector but we shall not have to freeze the raising of salaries and pensions in 2025. Taxes will not be raised but there must be cuts in public administration,” Petar Ganev says.
The Eurozone is drawing closer, with a prognostic target date of 1 January, 2026, Petar Ganev believes.
On the last day of last year, the Egyptian Minister of Investment and Foreign Trade Hassan al-Khatib awarded a total of nine gold licenses at a ceremony at the General Agency for Investment and Free Zones, which was also attended by the Bulgarian..
Based on preliminary data, the Finance Ministry expects a deficit of around BGN 6.1 billion ( €3.11 billion), or 3% of the projected gross domestic product (GDP), at the end of 2024. "Estimates suggest that the deficit will show an improvement..
The two most sought-after currencies by Bulgarians in 2024 remain the US dollar and the euro, just as in 2023. The Turkish lira, the Romanian leu and the Serbian dinar were also very popular, followed by the British pound and the Swiss franc. This was..
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