Government Accused of Draining Reserves: Borissov Raises Alarm Over Billions Spent
The leader of GERB, Boyko Borissov, has raised concerns over the depletion of Bulgaria's fiscal reserves in the final days of the regular government's administration
Yesterday, the European Central Bank published an economic newsletter warning of the deteriorating risks to the global economy.
It states that personal consumption in the world is good because of a stable labor market. But in the second quarter of this year, the fall in the manufacturing activity index will have a negative impact on the outlook for individual consumption. At the same time, due to increased uncertainty and tighter financing conditions, there has been a stagnation in global investment growth.
The bulletin also states that continued uncertainty is hampering the development of the euro area, especially the growth of the manufacturing sector.
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Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022