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Photo: Stella Ivanova
The International Monetary Fund (IMF) has wrapped up its regular mission in Bulgaria, led by Jean-Francois Dauphin, following consultations with Bulgarian authorities on macroeconomic indicators and financial policies.
Throughout the mission, IMF experts engaged in discussions with government representatives and officials from the Bulgarian National Bank to assess the country's economic landscape and policy implementation.
Among the recommendations made to Bulgaria was the restoration of Value-Added Tax (VAT) rates across all sectors to pre-pandemic levels. However, the Bulgarian finance minister refuted claims of potential tax increases, signaling a divergence in policy approaches.
The outcomes of the IMF's review of Bulgaria's economy are anticipated to be unveiled today, shedding light on the country's economic performance and potential areas for improvement.
The 2024 Human Freedom Index (HFI), compiled by the Cato Institute and the Canadian Fraser Institute, evaluates personal and economic freedoms across 165 countries
In 2024, Bulgaria’s electricity sector faced significant challenges, with a sharp decline in exports and a rise in domestic consumption
In late December, three migrant teens died in Bulgaria after being abandoned in the forest near the border with Turkey
The weather on January 15 is expected to be predominantly cloudy throughout Bulgaria, with occasional light snow showers, especially in the southern regions
On January 15, a ceremony at the Naval Headquarters in Varna will mark the handover of command of the Naval Mine Countermeasures Group in the Black Sea
Bulgaria has extended an offer to North Macedonia
IONmining As the cryptocurrency market is booming, ION Mining has launched a new New Year's Eve event to help users start their digital asset investment journey in 2025.
The Bulgarian National Bank (BNB) has adopted a new regulation outlining the framework for providing emergency liquidity support to solvent banks once Bulgaria joins the Eurozone
Several banks in Bulgaria have recently announced changes to their fees
Petar Ganev, a senior researcher at the Institute for Market Economics, stated in an interview with Bulgarian National Radio that it is highly likely Bulgarians will begin making payments in euros starting from January 1 next year
Bulgarian businesses are facing significant financial losses due to delayed membership in the eurozone and Schengen area, missing out on billions in export potential
Bulgaria is currently meeting the Maastricht criteria required for eurozone membership, with its macroeconomic indicators indicating a stable path toward adopting the euro
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