According to Jaewoo Lee, Head of the IMF mission for Bulgaria, inequality in this country keeps growing.
As a measure to provide more resources for social spending, the Fund proposes increasing the maximum social security income without eliminating the flat tax of 10%. IMF experts, who have been in Bulgaria since February 4, have held a series of meetings with government officials, BNB experts, business and non-governmental organizations. The fund assessed the stability of the financial system and the state of the economy in 2019, announcing that stable, albeit more moderate economic growth is expected in 2020, as well.
Meanwhile, the National Statistical Institute announced that annual inflation in January was 4.2%, with a rise in prices marked in almost all goods and services.
On May 2, 2024, the Governing Council of the European Central Bank adopted an opinion expressing a positive assessment of the draft Law on the introduction of the euro in the Republic of Bulgaria. The ECB has welcomed the aim of the draft law..
On May 5, the fifth unit of Bulgaria's only nuclear power plant at Kozloduy will be shut down for planned annual repairs and refueling with nuclear fuel. In accordance with the diversification program of the Kozloduy NPP, RWFA type cartridges..
Bulgaria has climbed 12 positions to 59th place in Reporters Without Borders' annual media freedom ranking for 2024, published on the occasion of May 3 - World Press Freedom Day. Bulgaria significantly improves its position in the global rating, which..
Children of different nationalities and their families will dye Easter eggs from 10.00 am to 14.00 pm in Canyon Park in Mladost residential district in..
The weather conditions for mountain hiking are poor on Saturday, the Mountain Rescue Service said. It is raining on higher ground. There is fog..
It will be mostly sunny on Sunday. Clouds will form over the mountains in the afternoon hours with a chance of isolated showers. The weather will be..
Partly cloudy, chance of rain
Partly Cloudy
Mostly Cloudy