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The government foresees increasing the minimum wage from BGN 460 to BGN 510 as of January 1, 2018, to BGN 560 as of January 1, 2019 and to BGN 610 as of January 1, 2020. This is part of the mid-term budget forecast for 2018-2020, the Finance Ministry said.
Key targets remain fiscal stability, removing macroeconomic unbalances and conducting consistent, transparent and foreseeable fiscal policy to improve business environment, encourage investments and stimulate labour market for achieving economic growth and employment.
Deficit in the consolidated fiscal programme for 2018 and 2019 remains, respectively, 1% and 0.5% of GDP.
For 2020, the government plans a balanced budget. Revenue is expected to stand at 36.5-36.6% of GDP, while financing of public expenditure policies will range from 37.5% of GDP in 2018 to 36.5% of GDP in 2020. The government does not plan significant tax changes.
Considering net debt financing in 2018-2020, debt-to-GDP ratio is expected to decrease to 22.3% by the end of the period, mainly due to repayment of outstanding debt.
The number of work permits issued by the Employment Agency for foreign workers continues to grow, with projections for this year reaching around 40,000
NATO member states have adopted a new and more ambitious defense spending commitment, agreeing to raise their national defense budgets to 5% of GDP by 2035
Bulgaria’s economy posted a 3.1% year-on-year growth in gross domestic product (GDP) for the first quarter of 2025
Defense Minister Atanas Zapryanov announced that Bulgaria intends to raise its defense spending to 3.5% of GDP by 2032
Wage growth in Bulgaria is projected at 9.3 percent for 2025, driven by stronger economic activity, a 15.4 percent rise in the minimum wage since January
According to preliminary data from Eurostat, the eurozone economy grew by 0.4% in the first quarter of the year compared to the previous three months, doubling the 0.2% increase recorded at the end of 2024
The Ministry of Finance has introduced an online currency conversion calculator, now available on the official euro adoption website for Bulgaria - evroto.bg
The Bulgarian National Bank (BNB) is launching the minting of Bulgarian euro coins this week
Gold has always had an allure that goes far beyond its shine.
Former Finance Minister Vladislav Goranov expressed confidence that Bulgaria’s transition to the euro is now irreversible
Bulgaria’s economy in 2025 continues to demonstrate a stable performance, largely driven by household consumption and wage increases
On July 1, Bulgaria marks the final anniversary of its currency board arrangement, a system in place for 28 years that is set to conclude with the country’s anticipated entry into the eurozone on January 1, 2026
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