Bulgaria Grapples with Soaring Corruption Rates: New Report Reveals Shocking Data
Corruption in Bulgaria has soared to its third highest peak in history, according to a recent report by the Center for the Study of Democracy
The Bulgarian cabinet is setting aside BGN 35 M for the October 23 local and presidential elections.
The decision will be made Wednesday, during the regularly scheduled Council of Ministers meeting.
In comparison, the cost of local elections in 2007 is estimated at BGN 18.5 M.
About a month ago, Deputy Prime Minister and Finance Minister, Simeon Djankov, announced a different amount – BGN 26 M, with BGN 9 M lower than the one to be slated by the cabinet.
The current estimates of the Finance Minister forecast the wages of the members of election committees as the biggest expense – BGN 18.5 M. Another BNG 1 M will be needed for the Central Election Commission, CEC.
Vote data processing and ballot printing will cost BGN 2 M while the logistics of the election process are estimated at BGN 7 M. The CEC information campaign about citizens' rights and duties is going to need BGN 200 000.
Several Ministries are also receiving funding such as BGN 4 M to be given to the Interior Ministry to provide security; the Foreign Affairs Ministry is getting BGN 0.5 M to organize voting polls abroad; the Defense Ministry will have BGN 80 000 to organize the vote of military personnel abroad. The Ministry of Regional Development and the Ministry of Education are also receiving funding related to the logistics of the elections.
The Bulgarian National Television, BNT, the Bulgarian National Radio, BNR, and the news agency BTA, are getting BGN 200 000, BGN 500 000, and BGN 160 000, respectively to report on elections.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Amidst discussions about Bulgaria's journey towards joining the Eurozone, Deputy Governor of the Bulgarian National Bank (BNB), Petar Chobanov, highlighted the robustness of Bulgaria's banking system, stating it aligns closely with Eurozone standards
In a recent interview with BTA, Kristalina Georgieva, Managing Director of the IMF, emphasized the importance for Bulgaria to seize the opportunity to adopt the euro, stressing that it is achievable with the right political will
In its latest macroeconomic forecast released on Tuesday, the Bulgarian National Bank (BNB) anticipates a 2.2% increase in Bulgaria's Gross Domestic Product (GDP) for the year 2024, compared to 1.8% in 2023
As Bulgaria inches closer to potential entry into the Eurozone, a closer examination of the nation's banknote circulation provides valuable insights into its monetary landscape
In a recent report by the National Statistical Institute, Bulgaria's annual inflation rate for March witnessed a notable deceleration, settling at 3% compared to the previous month's figure of 3.0%
As Bulgaria grapples with a deepening political crisis and the looming specter of early elections, the economic ramifications are starkly evident
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022