Mass Exodus: Six 'Greatness' MPs Leave, Parliamentary Group Collapses
The Central Council of the "Greatness" party recently urged Nikolay Markov to resign as chairman of the parliamentary group
Today, MPs on voted to approve the state budget at first reading. The opposition Bulgarian Socilaist Party (BSP) and the liberal Movement for Rights and Freedoms (MRF) were against the budget framework. The budget was supported by GERB, BNT reported.
Vladislav Goranov, Minister of Finance, said that principle that the revenues and the expenses are equal is fundamental to this budget and we set ourselves the primary goal of following it, he added.
The budget envisages for the next year the revenues and expenses to be equal and amount to BGN 46.8 billion. Increasing income; education; defence and healthcare remain a priority. From January 1, budget salaries are projected to go up by 10% and the teachers’ salaries by 17%. The minimum wage will be BGN 610, with the government aiming to reach an average wage of BGN 1.400 by the end of the year. BGN 1.9 billion has been earmarked for defence, which is close to NATO's requirement for defence spending to be over 2% of the country's GDP.
Opposition commented that they would propose an alternative budget between the two readings of the budget.
Bulgaria anticipates favorable outcomes from the upcoming reports by the European Commission (EC) and the European Central Bank (ECB) on its euro adoption
A month after Bulgaria receives approval to join the eurozone, all traders are required to display prices in both leva and euros
The International Monetary Fund (IMF) has revised its forecast for Bulgaria’s economic growth, predicting a slowdown to 2.5% in 2025
Following its earlier confirmation of Bulgaria's credit rating at Baa1, Moody's has revised the outlook for the country's banking sector from stable to positive
Cryptocurrency has become a significant part of the financial world, but as it grows, so do the questions about Know Your Customer (KYC) requirements.
Macroeconomist Stoyan Panchev, an analyst from the Expert Club for Economics and Politics, warned that Bulgaria could face significant challenges if it rushes into joining the eurozone
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