Preliminary data from Bulgaria’s Ministry of Finance indicates a slight reduction in the budgetdeficit for November compared to October. By the end of November, the deficit is expected to stand at 3.7 billion leva, marking a decrease from nearly 4 billion leva reported in October. This adjustment corresponds to a decline in the deficit as a percentage of the projected gross domestic product, from 2% in October to 1.9% in November.
The Ministry attributes this improvement to increased corporate tax revenues collected during the month. Additionally, 125 million leva were allocated in November as compensation for agricultural producers impacted by damages resulting from Russia’s war in Ukraine. These payments were part of the government’s ongoing support efforts.
Despite the narrowing of the deficit, the Ministry underscores that the 2024 budget was designed with a target deficit of 3% of GDP, equating to approximately 6.2 billion leva. The final budgetary data for November is expected to be released at the end of December.
Italy, Bulgaria, Malta and Belgium have issued a joint statement expressing reservations about the European Union’s plan to use frozen Russian assets as the basis for a large-scale financial mechanism to support Ukraine
Scope Ratings has completed its latest review of Bulgaria and confirmed the country’s long-term credit rating at A- with a stable outlook, alongside short-term ratings of S-1/Stable
The European Commission made clear that Bulgaria’s planned entry into the Eurozone remains unchanged, regardless of the political uncertainty in Sofia.
Scope Ratings has completed its latest review of Bulgaria and confirmed the country’s long-term credit rating at A- with a stable outlook, alongside short-term ratings of S-1/Stable
In Bulgaria, the common perception that investing is reserved for the wealthy remains widespread, but recent analysis by Freedom24 shows that households can begin investing with modest amounts of 50–100 BGN (approximately €25–50) per month
Pension insurance contributions will not increase in 2026, while pensions themselves will be updated from 1 July under the Swiss indexation formula, resulting in an expected rise of 7–8%.
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