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
Bulgaria could receive up to BGN 4 billion from the EU by 2027.
The European Parliament in Strasbourg has approved an increase in funds for member states. The decision means a record growth of the money for our country. However, it is due to go through another vote in the Chamber before it becomes final.
The European Parliament gave the green light to increase Cohesion Policy money in the alliance by 47 billion euros between 2021 and 2027. For Bulgaria this is the biggest growth so far. MEPs are also discussing another key issue for our country - the reduction of cross-border bank transfer fees in the EU. The decision will mean a multiplication of charges for the Bulgarians, who are now paying the most expensive in the EU.
Bulgaria can get the highest budget so far since joining the EU. The funds for regional development, infrastructure, environment and employment can total up to BGN 18 billion.
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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
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