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.
Joining the Eurozone, which includes 20 major European economies, will have an impact for the next 10, 20, 30 years, Bulgaria’s Premier Rosen Zhelyazkov told BNT, as quoted by BTA. According to him, the long-term benefits include a higher..
Before noon on Thursday, it will be mostly sunny, followed by cloudy skies and brief showers, mainly over western Bulgaria and the Central Balkan Mountains. In northwestern Bulgaria, the showers will continue until Friday night. It will be hot, with..
''Today, the European Commission and the European Central Bank categorically stated that Bulgaria meets the criteria for eurozone membership. This is a cause for pride for Bulgarian society, which in the late 1990s embarked on the path to be..
The balances in all bank accounts in Bulgarian levs will be automatically converted to euros from the date of the country's accession to the eurozone at..
Negotiations for a vote of no confidence in Rosen Zhelyazkov's government will begin after July 9, when Bulgaria's adoption of the euro becomes..
On Friday before noon, the cloudiness will temporarily decrease, but in the afternoon there will be clouds again. In many places in..
Partly Cloudy
Clear
Partly cloudy, chance of rain