Retail Chains Boycott in Bulgaria: Did it Work?
The impact of the boycott against large retail chains in Bulgaria due to high food prices is expected to become clearer with official data from the National Revenue Agency
Bulgaria is expected to request extraordinary convergence reports from the European Commission and the European Central Bank for eurozone entry by the end of January, according to former Finance Minister Lyudmila Petkova. She made the announcement during a visit to the Ministry of Finance following the official handover ceremony for the newly formed government.
Petkova, who will continue serving as deputy to the new Finance Minister Temenuzhka Petkova, emphasized that the new leadership is inheriting stable public finances. She highlighted that the state budget for 2024 is designed to meet the 3% deficit target. Additionally, the recently adopted Law on the Collection of Revenues and Execution of Expenditures provides a solid framework for managing state finances.
The former minister expressed optimism about the smooth transition, noting that a presidential decree related to the law's implementation is expected soon. This step is anticipated to ensure stability and reassure the public. She also reaffirmed that salaries and pensions remain top priorities, with guarantees that they will be paid fully and on time as stipulated by law.
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
Professor Steve Hanke, who established Bulgaria’s currency board, emphasized that the country should maintain the current system, as it continues to work effectively
Bulgaria has the lowest minimum wage among the European Union member states as of January 2025, standing at 551 euros
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability