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Bulgaria should work for a more rapid increase in income. This is one of the conclusions of the Executive Board of the IMF.
Fund experts underline that incomes in Bulgaria are still half the EU average. They predict that the worsened demographic situation of our country can lead to serious risks to the entire fiscal system in the medium and long term.
According to them, in the long run, a slowdown in the economy, which has already exhausted its growth potential, is expected, says "24 hours".
The three factors - low income, slow growth in the economy, and unfavorable demographic trends can put pressure on the budget.
To mitigate these expected effects by the IMF, they recommend more investment in healthcare and education that could also improve the labor market situation.
Further efforts are needed in the area of justice and the fight against corruption, the Fund further recommends.
Bulgaria has also received recommendations about raising revenues from Brussels. Finance Minister Vladislav Goranov has already announced that he intends, by raising the minimum wage, to push up income.
The International Monetary Fund (IMF) has urged governments to prepare for potentially unprecedented economic challenges as the conflict in the Middle East escalates.
A yellow weather warning for snowfall has been declared for 13 regions across Central and Eastern Bulgaria, as well as parts of the Rhodope Mountains, for tomorrow, February 21
The Managing Director of the International Monetary Fund, Kristalina Georgieva, emphasized that Bulgaria’s economy continues to perform strongly despite ongoing political uncertainty.
Public sector employees in Bulgaria are set to receive a 5% salary increase starting in January, announced outgoing Finance Minister Temenuzhka Petkova
With the adoption of the euro on 1 January 2026, all payments in Bulgaria will move from levs to the single European currency. This applies to wages, pensions and all types of social and cash benefits, which will be recalculated under legally defined rule
The International Monetary Fund has indicated that Bulgaria’s flat tax system may not be sufficient to sustain growing demand for quality public services
The withdrawal of the Bulgarian lev from circulation is nearing completion, according to the latest data from the Bulgarian National Bank. The central bank reports that approximately 89 percent of lev banknotes and coins have already been collected and re
A recent study by the Association for Responsible Non-Banking Lending (AONK) shows that nearly a quarter of Bulgarians have used quick loans at least once in their lives. The findings were presented by the organization’s chairman, attorney Nikolay Tsvetko
Bulgaria has effectively completed its transition to the euro, with the bulk of the leva already withdrawn from circulation.
Bulgaria’s economy expanded by 3.0% in the fourth quarter of 2025 compared to the same period in 2024, according to preliminary figures from the National Statistical Institute. On a quarterly basis, seasonally adjusted data indicate a growth of 0.8% relat
Bulgaria has effectively completed the transition period for adopting the euro, though formal legal adoption remains pending
Bulgarian National Bank Governor Dimitar Radev took part in a meeting of EU Heads of Mission held under the European Presidency of the Republic of Cyprus
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began
