The Bulgarian Ministry of Finance expects the Consolidated Fiscal Program (CFP) balance on a cash basis in the first nine months of 2016 to be positive to the tune of EUR 1.7 billion, or 3.8% of the forecasted gross domestic product. In the first nine months of 2015 for example the surplus amounted to EUR 319 million only, or 0.7% of the country’s GDP. In September 2016 the volume of revenues exceeded the expenses, which was mainly due to higher tax and non-tax revenues in the state budget. The level of expenses remains low, because the largest investment cost disbursements are are usually made at the end of the year, when the works are received. The improvement in the current CFP balance resulting from the excess of revenues over EU fund expenditures is considerable, with the EU funds surplus being 1.6% of the projected GDP, the Ministry of Finance further informs.
"Flower in a Test Tube" is an innovative project that creates a new product using plant biotechnology. But it does more than that—it tells a story about the power of the human mind and heart. The idea comes from Petar Neftelimov, a young man born with..
The annual growth of incomes outpaced that of expenses in 2024. According to data from the National Statistical Institute, in 2024 the average annual total income per household member in Bulgaria reached 12,857 BGN (6,573.68 EUR) and increased by 18.5%..
The pig meat sector in Bulgaria is showing signs of growth. This was announced at the International Forum "Modern Trends in Pig Farming: Scientific, Market and Regulatory Aspects", held today in Stara Zagora. It was highlighted that 53% of the..
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