We do not expect there to be any significant changes in the expenditure section of the budget for 2025, but the capital programme will be amended, Petar Mishev from the Institute for Social and Trade Union Research at the Confederation of Independent Trade Unions in Bulgaria (CITUB) said for the BNR.
It is possible to make the budget work with a 3% deficit, he said, and added that the trade union will not back down from its demand for a 10% raise in salaries. “That is a necessary step. In the long term we need to find a way for the increase in incomes to outpace the inflation rate, even if it is minimally,” Petar Mishev said. The overblown capital programme needs to be re-tailored, he said. We need to look for an alternative version of the taxation system now in place. Its potential is now exhausted, Petar Mishev commented and suggested a gradual rise of the social security contribution by 1% in the next 3 years.
According to Eurostat data, the unemployment rate in the EU dropped from 6.3% in March to 6.2% in April 2025. In Bulgaria, unemployment fell to 3.3% in April - down from 3.4% in March. A year earlier, unemployment stood at 4.2%. Youth..
The European Commission has officially added 'Strandzhanski bilkov chay' (Strandzha Herbal Tea) to the European Union's Register of Geographical Indications. As of 2 June 2025, this unique Bulgarian tea has been granted Protected Designation of Origin..
A Bulgarian-German forum in Sofia is discussing investment opportunities in defence today in Sofia , BNR reporter Dobromir Videv informs. The forum is attended by representatives of German companies and Bulgarian politicians, including Bulgarian..
The legendary train “Orient Express”, will stop today at 12:45 p.m. at the Central Railway Station in Ruse, BTA reports. The..
'Legal changes have been drafted in response to the frequent road accidents involving trucks, ' said Grozdan Karadzhov, the Deputy Prime Minister and..
The fifth edition of the “Science for Business” forum, organized by the Bulgarian Academy of Sciences and the Bulgarian Small and Medium Enterprises..
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