"Bulgaria needs to defend an active position regarding the EU fiscal rules reform which appears to be gaining momentum. As a country with one of the best debt-to-GDP ratios, it should receive support and not be penalized, if within one year the budget deficit is slightly above 3% of the GDP", caretaker Deputy Premier for EU Funds Management Atanas Pekanov said in an interview with Investor.bg.
“Say that, for instance, Bulgaria‘s deficit is slightly over 3%, but its government debt accounts for 25% of its GDP. In this case, the country should not be in a worse position than a country in which the deficit is 1% of the gross domestic product, but the government debt is 140% of the GDP", Atanas Pekanov said.
The Ukrainian parliament has authorized the purchase of two Russian nuclear reactors from Bulgaria, Euractiv reports. The energy committee of the Ukrainian parliament greenlighted the purchase of two old Russian nuclear reactors to expand the..
Inflation for 2024 is 2.2% compared to the previous year, the National Statistical Institute reports. In December, this indicator was 0.4%. Annual average inflation for the period January 2024 - December 2024 compared to the period January 2023 -..
Without compensation for the price of electricity, companies will be uncompetitive, said Vasil Velev of the Bulgarian Industrial Capital Association (BICA) at a press conference held jointly with trade unions. Those who cannot pass on the increase in..
In 2024, the average gross annual salary in Bulgaria is 27,881 BGN (EUR 14,255), according to preliminary data from the National Statistical Institute...
Bulgaria has favorable climatic conditions for producing electricity from the su n, even in the transitional seasons of spring and autumn. One of the..
A Bulgarian-Greek Business Forum with the participation of nearly 60 companies from both countries has opened today in Sofia . The forum is organized by..
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