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".
Bulgarian President Rumen Radev has announced that as of October 20 this year he will travel to work in his personal car. “When a law is being adopted that forces people to do state work in their personal cars, I will stand in solidarity with them,” he..
We want to buy a system that has maximum protection against drones. This does not mean that it has a mechanical effect on the drone, but at least that it has some electromagnetic or blocking control of the device. This was explained to BNT by Maj. Gen...
We want to buy a system that has maximum protection against drones. This does not mean that it has a mechanical effect on the drone, but at least that it has some electromagnetic or blocking control of the device. This was explained to BNT by Maj. Gen...
Bulgaria, Greece and Romania have finalized a memorandum for joint cooperation on new transport projects, said European Commissioner for..
Suspicions of large-scale fraud with EU funds in a project to build a mussel farm in the Black Sea – southeast of Cape Emine in the..
Russia’s Deputy Minister of Foreign Affairs Alexander Grushko stated that Moscow has not held talks regarding a possible overflight of President..
+359 2 9336 661