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.
The assets of private pension funds have reached EUR 13 billion. According to data from the Financial Supervision Commission, they have increased by more than 20% compared to the same period last year. As of September 30, 2024, the number of..
There has been an upsurge in the economy in every region of Bulgaria, the effects of the Covid crisis have been overcome, tourism has fully recovered, which is evident in Bulgarian seaside regions and spa resorts - this is the conclusion that is drawn..
More than EUR 1 billion will be invested in agriculture and rural areas in Bulgaria in 2025. According to a decision by the Monitoring Committee of the Strategic Plan for Agricultural Development, the funds are aimed at modernizing agriculture and..
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