Bulgarians Support EU Defense Policy but Hesitate on Aid to Ukraine
Two-thirds (66%) of Bulgarians support the idea of a common European Union defense and security policy
Bulgaria has made very limited progress on reforms in the economy and this has led to weak investor interest in your country. Such an opinion expressed to Darik news the American economist, Prof. Steve Hanke.
''State administration reforms are needed, as well as the removal of some rules for regulation'', Professor Steve Hanke said.
"Bulgaria has a low flat tax and that's great, it's one of your good advantages as a country, and if you look at the World Bank's analysis, you'll see that the bank's experts are finding a tax problem, the flat tax is just one tax, but if you want to register a medium-sized business in Bulgaria, it takes 453 hours a year, in Central Asia and elsewhere in Europe, registration takes about 250 hours, saving time. The bureaucratic administration system for taxes in Bulgaria is a nightmare. It makes you unattractive country, ", Hanke added.
The American economist is convinced that the expected recession in the Eurozone will have a negative impact on the Bulgarian economy.
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Starting from January 1, 2025, Bulgaria aims to raise its minimum wage to at least BGN 1,080 (EUR 552), a significant increase from the current BGN 933
Bulgaria’s prospects for joining the euro in 2025 have been bolstered by a cooling annual inflation rate, which dropped to the eurozone average of 2.4% in April, marking its first dip below 3% since the summer of 2021
In April, inflation across the European Union remained steady, with both the EU and the Eurozone recording a rate of 2.6% and 2.4%, respectively, according to data from Eurostat, the official statistics agency of the EU
Julian Voinov, an economist and financial expert, expressed optimism regarding Bulgaria's potential adoption of the euro in 2025 or early 2026
This was stated by the Governor of the Bulgarian National Bank at the international conference "Bulgaria in the Eurozone, When?" in Sofia
Former Finance Minister Simeon Dyankov has suggested that Bulgaria's potential entry into the Eurozone may not materialize before 2026
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU