GERB Opposes Retail Price Cap Amid Boycott and Public Concerns
GERB has expressed its opposition to implementing a price cap on retail sales in supermarket chain
In order to increase all retirement pensions in Bulgaria by 10%, the cabinet needs about BGN 1 B, and under the current state of economy such funds cannot be secured.
The statement was made Sunday by the Chair of the Parliamentary Economy Committee, Menda Stoyanova, from the ruling, center-right Citizens for European Development of Bulgaria party (GERB), who spoke in an interview for the Bulgarian National Radio, BNR.
According to the GERB Member of the Parliament, the revenue part of budget 2012 has been calculated based on conservative estimates and a 1% growth.
Meanwhile, also speaking for BNR, the Chair of the Bulgarian Industrial Association (BIA), Bozhidar Danev, stressed budget 2012 is too cautious, without funds for the long-awaited electronic government and without clear spending goals for different ministries.
"The budget's goal is super financial stability, but we fail to see the ministries' goals on what they will achieve with their funding. We do see that in reality funds for State structures have not been reduced," Danev said.
According to the BIA Head, the only way the stabilize the budget of the National Social Security Institute (NOI) is the simultaneous gradual increase of both retirement age and required years of service for social security payments.
In Krivodol, a municipality in Northwestern Bulgaria, local authorities are taking steps toward the eurozone transition well ahead of the February 20 deadline
Boyko Borissov, leader of GERB, defended the government’s progress on Bulgaria’s path to the eurozone
Bulgaria could adopt the euro as its official currency from January 1, 2026, if it successfully meets the necessary criteria for joining the eurozone
The municipal councils in Kozloduy and Krivodol have become the first in Bulgaria to implement dual pricing for municipal services, taxes, and fees
Bulgaria’s draft budget for 2024 raises questions about its realism and whether it is a mere strategy to appease the European Commission and the European Central Bank
Parvomay Municipality in Bulgaria has become one of the first to prepare for the country’s euro adoption
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability