“Doling out money gratuitously to people in need is impossible because the resources are limited. The government would come out of the crisis with a huge deficit,” Ivan Kostov, Prime Minister of Bulgaria in the 1997-2001 period said for the Bulgarian National Radio.
“According to the EU, the country’s GDP is going to go down by 7.2%. That means EUR 4.2 billion. There is no way the government can find the billions needed to compensate for all incomes. Calls for such a thing are populist. Even if it does find the money from somewhere, it couldn’t be absorbed and will only give rise to corruption,” Ivan Kostov said. He added that Bulgaria is not the only country where measures to address the damages are taken under pressure and urged for taxes not to be changed mid-year.
Sofia will welcome the Christmas and New Year holidays with brilliant decorations in all areas of the city. A major highlight in the transformation of the capital will be the beautiful Christmas trees placed in key locations. The tallest among..
Overnight it will be mostly clear. Winds will weaken and die down in many areas. In the morning it will be cold, with minimum temperatures between minus 7 and minus 2°C, reaching minus 10°C in the valleys and around minus 9°C in Sofia. Tomorrow will be..
The planned annual maintenance of Unit 6 of Bulgaria's only NPP, Kozloduy, has been completed. The unit was connected to the national grid at 10:07 following an inspection by the Nuclear Regulatory Agency. In addition to the repairs made to improve..
A quadripartite meeting of the interior ministers of Bulgaria, Hungary, Austria and Romania in Budapest on 22 November made it clear that Austria would..
Romania and Bulgaria have a chance to join the Schengen area by land as of January 2025 , Hungarian Interior Minister Sándor Pinter said after an..
The Sofia Christmas Festival will open tonight in the park in front of the National Palace of Culture in the heart of Sofia . The third edition of the..
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