Sofia City Court Halts Insolvency Proceedings at KTB

The Sofia City Court has stopped insolvency proceedings launched at Corporate Commercial Bank (KTB).

The 2020 State Social Security Budget - Adopted

On December 4, the MPs conclusively adopted the State Social Security budget for next year.

The Minimum Retirement Pension Rises to BGN 250 from July 1

The minimum retirement pension should be BGN 250 from July 1 next year, the parliament finally voted, BTA reported.

Standard & Poor Upgraded Sofia's Long-Term Credit Rating

The international rating agency Standard & Poor (S&P) Global Ratings upgraded Sofia's long-term credit rating from 'BBB-' to 'BBB', outlook positive, the Sofia Municipality press office reported.

Minister Goranov: Bulgaria Has the Highest Credit Rating in the Balkans

Bulgaria has reached the highest credit rating in the Balkans.

Finding the Right Investment for Your Money

Croatia Introduces the Euro by the End of the Next Government's Term

Croatian Prime Minister Andrej Plenković says the country's strategic goal is to meet the criteria by the end of the next government's term and adopt the euro as its official currency.

Portugal Raises the Minimum Wage to EUR 635

The Portuguese minority government presented a proposal for the minimum wage to be increased by almost 6% to EUR 635 in the next year.

Record: Bulgarians Abroad Have Sent over 1 Billion in the Country

Bulgarians abroad broke the record by the amount of money they sent to their homeland.

The State Budget for 2020 Was Approved at First Reading

Today, MPs on voted to approve the state budget at first reading.

The Average Salary Increased to BGN 1,266 in September

With the end of the active summer tourist season, the number of employees under labour contract decreased by 39.

Bulgaria's EU Funding Won't Be Reduced in the Next 7-Year Programming Period

The EU funding for Bulgaria under cohesion and agricultural policy will not be reduced in the next 7-year programming period, said Lilyana Pavlova, Vice-President of the European Investment Bank for the Bulgarian National Radio, BNR reported.

Moody's Downgraded India's Credit Rating Outlook

Moody's has downgraded India's credit rating prospect because of increasing risks of a long-term slowdown in the economy and rising debt, DPA reported.

Moody's Downgraded UK Credit Outlook Because of Brexit

Moody's downgraded the UK credit rating from “stable” to “negative” on Friday, Reuters reported.

Alipay is Now Available for Visitors and Tourists in China

Visitors to China can now access the country's massive cashless economy, CNN reported.

The European Commission Raised Bulgarian GDP Growth Forecast for 2019 to 3.6%

Economic growth in Bulgaria would slow down over the next 2 years, but would remain close to its potential, according to the European Commission's autumn report.

Bulgaria to Buy Two Minehunters from the Netherlands for EUR 1 996 000

The Council of Ministers has approved a draft contract between the Government of the Republic of Bulgaria and the Government of the Kingdom of the Netherlands for the purchase of two minesweepers for the amount of EUR 1 996 000 excluding VAT, the governme

CITUB Insists on the Minimum Pension to Be BGN 250

CITUB proposed the minimum pension to be increased by 14 percent or from BGN 219.

As of July 1 2020 - 6.7% Rise in All Pensions

The government has approved the bill on 2020 state social security budget, the government press office reported.

BGN 363 Will Be the Poverty Line in Bulgaria Next Year

The government has set a poverty line for 2020.

Ministry of Finance, Budget 2020: Priorities

The priorities of the 2020 budget which build on the priorities and assumptions for the development of the sectoral and horizontal policies, as laid down in the medium-term budget forecast, are: education, healthcare, defence, pension policy and income po

The Government Expects a BGN 1,600 Average Salary in Three Years

The average salary in Bulgaria is expected to reach about BGN 1500 in 2021, when the term of the Borissov 3 government office expires.