European Parliament Passes Law to Restrict Cash Payments to €10,000
The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
Bulgarian Minister of Finance Simeon Djankov, much vaunted by himself and PM Boyko Borisov as the Bulgarian cabinet's top asset in times of financial crisis, does not appear in the Financial Times 2012 ranking of EU Ministers of Finance.
The ranking includes only 19 of the EU's 27 Finance Ministers, meaning Djankov and 7 other of his colleagues were left out.
The list is topped by champion of austerity, German Federal Minister of Finance Wolfgang Schaeuble.
In the Top Five, he is then followed by Sweden's Andreas Borg, Poland's Jacek Rostowski, Finland's Jutta Urpilainen, and Ireland's Michael Noonan.
Bulgarian PM Boyko Borisov and FinMin Simeon Djankov have all to often made the point that Bulgaria is among the very top EU member states in terms of public finances.
They have argued that Bulgaria's balanced finance policy during the crisis is a key virtue of the cabinet, and justifies spending cuts and an economic stagnation.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022