Borissov: 'We Did Everything We Could'
GERB leader Boyko Borissov expressed his perspective on the recent negotiations surrounding the formation of a government, highlighting the challenges and compromises faced during the process
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In 2016, the government budget allocations for R&D (Research and Development) amounted to BGN 187.5M and decreased by 11.8% compared to 2015. The share of government budget allocations for R&D from gross domestic product (GDP) is also decreasing, according to the data of NSI. In 2016, they represent 0.2% of GDP, at 0.24% in 2015. The average value of this indicator for the European Union (EU-28) is 0.65% in 2015.
The structure of government budget allocations for R&D by socio-economic objectives varied slightly from the previous 2015. The largest share (47.2%) of state support for research aimed at ‘General advancement of knowledge’, which mainly includes the research realized by the Bulgarian Academy of Sciences and by universities. This socio-economic objective is essential too for the European Union in 2015, with a share of 51.7%.
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As Bulgaria inches closer to joining the Eurozone, concerns arise over the implementation of rounded prices in euros, potentially impacting citizens' wallets upon adoption of the single currency
On a briefing held at the National Press Club of BTA, Nikola Ilchev, the creator and organizer of the Balkan eCommerce Summit, showed projections indicating a significant rise in Bulgaria's e-commerce sector
The Ministry of Finance in Bulgaria has revealed that the process to facilitate the exchange of levs with euros in the country will come with a hefty price tag, estimated to be at least BGN 500 million
As Bulgaria steers towards adopting the euro, economists dispel concerns over potential price increases, assuring the public that the impact on inflation will be minimal
The Ministry of Finance has released a draft law for public discussion concerning the adoption of the euro in Bulgaria. The primary aim of the proposal is to ensure a smooth and transparent transition to the European currency
The latest data released by Eurostat, the official statistical office of the European Union, reveals that Bulgaria continues to grapple with the lowest purchasing power within the EU
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022