Bulgaria now has its third draft state budget, in which the fight against the shadow economy is identified as a key measure for generating more revenue for the treasury
We expect to see a clearer link to economic development in the 2027 budget. This was stated by Petar Chobanov, Deputy Governor of the Bulgarian National Bank (BNB)
The municipal investment program, on which local authorities rely to build streets, install street lighting, develop water and sewer infrastructure
The trend of steadily rising expenditures in the State Social Security (SSS) budget exacerbates the risk to the fiscal sustainability of the entire social security system
Prime Minister Rumen Radev’s government is seeking a “fair” way to require civil servants to pay their own social security contributions
Bulgaria leads the European Union (EU) in fuel price increases for the month of May. This is according to data from the European statistical office Eurostat
Bulgaria’s competitiveness has stagnated, according to data from the World Competitiveness Yearbook, compiled by the Swiss Institute for Management Development
With almost no debate, the National Assembly (NA) passed on second reading amendments to the Competition Protection Act (CPA) that provide for stricter penalties
The Commission for Consumer Protection (CPC) is gaining more powers, while retailers are no longer allowed to raise prices without justification
The largest pumped-storage hydroelectric power plant in Southeast Europe – the Chaira Pumped-Storage Power Plant – will bring another of its units online
