In case of exceptional circumstances, the budget deficit may exceed the threshold set at 3% of the GDP,a draft of Bulgaria’s Ministry of Finance reads, investor.bg informs. The global Covid-19 pandemic and economic stagnation put the fiscal frameworks of a large number of countries, including Bulgaria, to a severe test, the motifs of the Finance Ministry read.
According to the proposal, the expenditures made with EU financing, including the national co-financing, should not be included in the budget deficit. The proposal also reads that unspent funds can be used to implement other priority policies.
The Russian state oil company Lukoil has plans to sell its Bulgarian refinery Neftochim based in Burgas on the Black Sea Coast. It is the largest in the Balkans, writes the Financial Times . The deal is expected to be announced by the end of..
Bilateral relations between Bulgaria and Argentina have received a new impetus for development following the visit of an Argentine delegation from the Chaco province to Bulgaria at the beginning of November . High-ranking officials from the..
Employers are contesting the rise of the minimum wage. The Bulgarian Industrial Capital Association announced that they filed a complaint in the Supreme Administrative Court. About 430,000 people in the country work for minimum wage...
Butter and vegetable oil are the products that have increased in price the most over the year. The retail price of vegetable oil will range between 3..
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