Minister of Finance Kiril Ananiev described the budget for 2021 as “anti-pandemic”.
“It has clear priorities targeted most of all at measures for overcoming the consequences of the crisis,” he said for BNR’s Horizont channel, adding that over 3 billion Leva had been earmarked for the purpose, of which 576 million for businesses.
“We have decided structural elements, the budget is balanced between the Covid-measures and the need to reform the individual systems,” Minister Ananiev said.
He explained that until December this year, the financing of the budgets of all ministries and institutions will be 95%, with a 5% buffer which will be used in the event of “force majeure” in the healthcare system.
“The divergence between the monetary and the fiscal policy pursued by the government continues to be the main reason why Bulgaria does not meet all criteria yet for entering the Eurozone,” Lyubomir Karimansky, member of the Governing Council of the..
Germany remains Bulgaria's strongest economic partner. Trade between the two countries for 2024 amounts to EUR 12 billion, said Tim Kurth, President of the German-Bulgarian Chamber of Industry and Commerce. At a ceremony held at the University of..
Bulgaria can meet the convergence criterion for price stability, needed for entering the Eurozone, in January 2025 and continue to meet it throughout the rest of the year, the Bulgarian National Bank (BNB) states in its macroeconomic outlook,..
Bulgaria’s Minister of Finance Temenuzhka Petkova said that the turnover of large retail chains in Bulgaria decreased by 28.8% on the day of the boycott..
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