Bulgarians Join Balkan Protest Against Soaring Food Prices
Bulgaria has joined Croatia, Bosnia and Herzegovina, and Montenegro in organizing protests against rising food prices
Both business and trade unions in Bulgaria want the draft budget update to be withdrawn, said the head of the Bulgarian Industrial Capital Vasil Velev, quoted by Darik radio.
Representing a common position, Velev defined the proposed update, which includes a deficit of 4% and a new state debt of BGN 4.5 B, as “radical”.
“The radical budget update, especially with those significant parameters, can be undertaken only by an elected government and functioning parliament,” Velev said, commenting after the meeting of the tripartite council among the employees, trade unions and government on Wednesday.
At the meeting caretaker Finance Minister Rumen Porozhanov said the budget deficit as of end of August was BGN 1.4 B and the fiscal reserve was BGN 8.2 B.
He told the meeting that the reserve will be used to cover the deficit, plus BGN 1.7 B payments on the state debt due in end of January and the BGN 800 M deficit in the National Insurance Institute.
Bulgaria has the lowest minimum wage among the European Union member states as of January 2025, standing at 551 euros
Since being created as a joke cryptocurrency , Dogecoin has become a popular cryptocurrency with an active community of developers, traders, and investors.
Economists have urged Bulgaria’s leadership to submit an application to the European Commission and the European Central Bank for an extraordinary convergence report on joining the eurozone
Representatives of Bulgaria’s ruling coalition have once again highlighted a significant deficit in the state budget, with Stanislav Balabanov from "There Is Such a People" (TISP) stating that 2025 will be a transitional year regarding the eurozone
Valeri Belchev, former acting Minister of Finance, recently expressed strong concerns about Bulgaria's financial management, particularly focusing on the lack of proper budget management tools
Kalin Hristov, former deputy governor of the Bulgarian National Bank and former finance minister, expressed concern over the public discourse on key economic issues
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability