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Economy

Minister of Agriculture on the farmers' protest: This is not the face of Bulgarian agriculture

Minister of Agriculture, Kiril Vatev, defined the demands of the protesting farmers on November 30 as unfounded and said that they were in fact protesting against the Bulgarian and European legislation. Farmers and animal breeders seek the resigantion of Minister of Agriculture...
Minister of Agriculture on the farmers' protest: This is not the face of Bulgarian agriculture
Farmers and animal breeders seek the resigantion of Minister of Agriculture
Farmers and animal breeders seek the resigantion of Minister of Agriculture
Farmers from all over the country staged another protest on November 30 outside the Ministry of Agriculture. They demanded the resignation of the minister of agriculture,  Kiril Vatev, and...
Alarming trend: Over 18,000 young people in Bulgaria are unemployed
Alarming trend: Over 18,000 young people in Bulgaria are unemployed
The number of young people who are not studying or working is increasing. According to the data of the Employment Agency, the officially registered unemployed under 29 years of age at the end of...
Slight decline in business climate in Bulgaria reported by NSI
Slight decline in business climate in Bulgaria reported by NSI
In November 2023, the overall business climate indicator is 21.6%. The indicator remains roughly at its October level of 22.0%, the National Statistical Institute reports. An increase was...
Minister of Finance: Low deficit leads to a policy of stable poverty
Maintaining a zero deficit or 1% of GDP would mean a policy of stable poverty, Finance Minister, Asen Vassilev, said on November 28 in response to...
BNB Governor on draft state budget 2024: There are discrepancies between fiscal and monetary policy
The draft budget for 2024 creates prerequisites for imbalances in the economy, Bulgarian National Bank’s Governor, Dimitar Radev, announced...
Draft budget 2024 tabled in Parliament for discussion in budget and finance committee
The 2024 draft state budget and the budgets of the health fund and the public insurance are discussed by the MPs of the Parliament’s budget...
Parliament reduced the limit of cash payments to BGN 5,000
The Parliament reduced the limit for legal cash payments from BGN 10,000 to BGN 5,000 through the appoval of amendments to the Tax and Social...
Minister of Economy: We expect GDP growth between 3% and 5% after joining the euro area and Schengen
Minister of Economy: We expect GDP growth between 3% and 5% after joining the euro area and Schengen
The economy ministers of Bulgaria and Romania on november 23 commented on the expectations for...
National Council for Tripartite Cooperation did not back 2024 state budget bill
National Council for Tripartite Cooperation did not back 2024 state budget bill
After a record 6-hour meeting of the National Council for Tripartite Cooperation on November 21,...
Parliament rejected proposal for abolition of the derogation for Russian oil imports
Parliament rejected proposal for abolition of the derogation for Russian oil imports
Bulgaria’s Parliament on November 16 rejected a proposal by GERB, supported by the...
NSI announced the inflation rate in Bulgaria for October
NSI announced the inflation rate in Bulgaria for October
In October 2023, the monthly inflation rate, measured by the Consumer Price Index...
The derogation for import of Russian crude oil has no impact on fuel prices, experts say
The derogation for import of Russian crude oil has no impact on fuel prices, experts say
The derogation that Bulgaria enjoys for importing and processing Russian oil does not affect the...
Average wage in Bulgaria in September rises to over BGN 2,000 per month, national statistics
Average wage in Bulgaria in September rises to over BGN 2,000 per month, national statistics
For the first time, the average gross wage in Bulgaria is higher than BGN 2,000, National...
PM: Government increased taxes for Lukoil to reduce Burgas refinery's excess profits
PM: Government increased taxes for Lukoil to reduce Burgas refinery's excess profits
Prime Minister Acad. Nikolai Denkov commented on a report published on November 9 that the...
Bulgaria's Euro Changeover Plan has been updated to the new date - 1 January 2025
Bulgaria's Euro Changeover Plan has been updated to the new date - 1 January 2025
The government on November 8 adopted an update of the National Plan for the introduction of the...
Finance Minister: Bulgaria's entry into Schengen and the euro area are major goals for the government
Finance Minister: Bulgaria's entry into Schengen and the euro area are major goals for the government
The Bulgarian government has set the country's accession to the Schengen area and the entry into...
President Radev held talks with representatives of leading American companies
President Radev held talks with representatives of leading American companies
President Rumen Radev on November 1 met with representatives of 15 leading American companies....
Price of natural gas in November will rise to BGN 82.12 per MWh
Price of natural gas in November will rise to BGN 82.12 per MWh
The Energy and Water Regulatory Commission approved the natural gas price for November at BGN...
Government set the poverty line for 2024 to become BGN 526
Government set the poverty line for 2024 to become BGN 526
The Council of Ministers set the poverty line for 2024 at BGN 526, Labour and Social Policy...
Workers from “Lukoil Neftohim” blocked traffic on the road to Sofia
Workers from “Lukoil Neftohim” blocked traffic on the road to Sofia
Workers from Lukoil Neftohim on October 27 blocked the road at the exit of Bourgas in the...
"Lukoil": We fulfill our obligations to the Treasury, we do not participate in corruption schemes
"Lukoil": We fulfill our obligations to the Treasury, we do not participate in corruption schemes
Lukoil Neftochim on October 25 reacted with a position to the ongoing political tensions around...
Construction of Unit 7 of Kozloduy Nuclear Power Plant begins, Cabinet plans construction of Unit 8
Construction of Unit 7 of Kozloduy Nuclear Power Plant begins, Cabinet plans construction of Unit 8
The construction of the seventh unit of Kozloduy Nuclear Power Plant (NPP) starts, the eighth...
Public supplier "Bulgargaz" selects LNG supplier for January and February
Public supplier "Bulgargaz" selects LNG supplier for January and February
TotalEnergies Gas and Power Ltd. is the participant ranked first in the tender announced by...
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