“The idea of pumping money from the budget into the economy is absurd. That is only going to boost inflation. Because of the expected lower GDP growth rate, or even possible decline, we need to restrict spending but investment expenditure should remain so the functioning economy does not take a hit,” economist Krassen Stanchev, founder of the Institute for Market Economics says.
He is categorically against any increase of the minimum wage because “that is something that is decided politically, but is paid for by businesses”. Bulgaria is moving away from the Eurozone and will most likely join it in 2026-2027. One of the reasons for this is that the country is failing to address corruption, which is one of the requirements the country has to meet, Krassen Stanchev said in an interview with BGNES news agency.
On today's day the Bulgaria Orthodox Church pays tribute to the historical personalities who have lived in Bulgarian lands since the 1st century and canonized as saints . All of them were people of faith and spirit and by their deeds strengthened the..
Tomorrow the weather in Bulgaria will be sunny, hot in the afternoon. Maximum temperatures will be mostly between 32°C and 37°C, in Sofia - around 32°C. Over the mountains it will be sunny. In the afternoon there will be light clouds. A..
Since the beginning of the summer tourist season on the Black Sea coast, more than 170 inspections have been carried out and six violations have been detected, four of which have been the subject of administrative acts, said in Burgas Ivan Videlov,..
Bulgaria’s national team of mathematics put up an excellent performance at the Junior Balkan Mathematical Olympiad. Six Bulgarian students returned from..
Bulgaria’s President Rumen Radev handed the first cabinet-forming mandate to Rossen Zhelyazkov who is the prime minister-designate of the largest..
On Tuesday the weather will be sunny and hot over most of the country. Clouds will form over Western and Central Bulgaria in the afternoon and there..
Partly cloudy, chance of rain
Mostly Cloudy
sunshine, cloud, rain and thunder