Caretaker Minister of Finance Lyudmila Petkova defended the parameters of the 2025 draft budget before the members of the National Assembly Committee on Budget and Finance. Minister Petkova explained that the 2025 Budget reflects the policies of recent years. Although the expenditures significantly exceed the revenues by 18 billion BGN (EUR 9.2 billion), the caretaker government submitted a budget with a deficit of 3% of the GDP, Lyudmila Petkova said. She reminded that the implementation of the National Recovery and Resilience Plan will end in mid-2026.
So far, Bulgaria has received two payments under the Recovery and Resilience Plan, totaling 2.7 billion BGN (EUR 1.38 billion), while 7.8 billion leva (EUR 3.99 billion) are yet to be received. According to her, the main problem of the plan is its wrong overall philosophy. "From the very beginning, the plan included difficult reforms that cannot be implemented", said Minister Petkova, noting that other EU member states included such difficult reforms at a later stage, reported BGNES. Lyudmila Petkova emphasized that Bulgaria is the only country that has not adopted the RePowerEU chapter. She also noted that the gray economy in Bulgaria is over 32% of the GDP, while in Croatia and Romania it is 28% of the GDP. According to her, "chaotic policies and legislation have been adopted in the country in recent years".
A new traffic management system in front of Terminal 2 comes into force on January 9, the operator of Sofia Airport has announced. The Kiss & Ride concept is being introduced. The zone is specifically designed for short free..
Traffic at the border crossings of Bulgaria is normal, the Border Police has reported. However, about 200 trucks are waiting to cross the Danube Bridge and have parked on the boulevards in Ruse. The trucks are waiting because of..
So far, the Consulate General of Bulgaria in Los Angeles has not received any information about Bulgarian citizens injured in the raging wildfires . This was what the Bulgarian diplomatic mission announced on its Facebook page..
From 2 April 2025, the UK will introduce the issuance of an electronic transit and short-term residence permit for citizens of all EU countries ,..
The metapneumovirus is not new and does not lead to severe illnesses. There is already a decrease in morbidity in China and there are no deaths there,..
A protocol for cooperation and exchange between the Ministries of Education and Science in Bulgaria and Ukraine for 4 academic years until 2028 was..
+359 2 9336 661