“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.
Bulgaria’s caretaker Minister of Foreign Affairs Ivan Kondov met in the United States with John Bass, Acting Under Secretary of State for Political Affairs. The two countries agreed that the next session of the strategic dialogue between Bulgaria and..
300 women and 96 men can share memories of Bulgaria from the last 100 years. The highest number of centenarians is in Sofia, indicate data from the National Statistical Institute on the occasion of October 1- the International Day of Older Persons...
Four Bulgarian MEPs will be part of the delegation to the EU-North Macedonia Joint Parliamentary Committee, the European Parliament announced. The Bulgarian representatives in the delegation to the EU-North Macedonia Joint Parliamentary Committee are..
Some of the Bulgarians in Lebanon were evacuated on a government aircraft flight on Monday evening. The first group, consisting of 89 people, mostly..
''The second evacuation flight from Lebanon will be carried out today around noon, provided the circumstances are favorable'', caretaker Premier Dimitar..
The Kalotina border checkpoint on the border with Serbia has already been renovated and has a nearly 30% increased capacity for passenger cars. It has..
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