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Bulgarian Energy Ministry Set to Help Businesses Affected by High Electricity Prices

pixabay  The Energy Ministry and other government departments will prepare measures in support of businesses that have been put in a tight corner by the high electricity prices in recent months. This transpired after a meeting of Energy Minister Andrei Zhivkov with businesses representatives Friday.The current daily electricity consumption in Bulgaria is 4,000 MWh and another
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Inflation Rate in Bulgaria stands at 3.7 Percent Y/Y vs July 2020

pexels.com The National Statistical Institute reported here on Wednesday that inflation in August 2021 was 3.7 per cent compared to August 2020, and 0.8 per cent compared to July 2021.The inflation rate since the beginning of the year (August 2021 compared to December 2020) was 3.1 per cent.The annual average inflation, measured by CPI, in the last 12 months (September 2020
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Bulgarian Black Sea Tourism Boasts 70% Growth This Summer

gov.bg The number of tourists who have holidayed on the Bulgarian Black Sea coast in the summer of 2021 is up by 70% compared to 2020, announced Minister of Tourism Stela Baltova after a meeting with representatives of the tourist industry in Varna. She described the season as dynamic, difficult and rather short. “The number of tourists as of the end of August is
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Foods Prices in Bulgaria Have Risen Steeply by End-Summer

pixabay Most food products in Bulgaria appreciated steeply by late August - early September, compared to the same period a year ago, the Institute for Social and Trade Union Research (ISTUR) with the Confederation of Independent Trade Unions in Bulgaria (CITUB) said in a press release on Monday, reporting the results of a non-representative survey.Over the 12
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Bulgaria: Everyone Affected by the Crisis will be Supported, the 80/20 Measure will Cease to Exist

Pixabay About 140,000 workers per month will be covered by the support measures. There will be no one left affected by the restrictive measures who will not be helped. This was assured by the Цaretaker Minister of Social Affairs and Deputy Prime Minister Galab Donev on Nova TV. The budget update envisages about BGN 400 million to be directed to business. Both measures - 60/40
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Bulgaria Issues EUR 100 Million Worth of Internal Debt

pexels.com 100 million euros worth of internal debt in government bonds is being offered to investors. This is the first debt issuance since the spring of 2021, and in the term of office of caretaker Minister of Finance Assen Vassilev. The bonds are with a zero interest rate, but they are being purchased by investors - mostly by banks and funds because they are a reliable
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Protests of Restaurateurs in Ruse, Dobrich and Haskovo

Pixabay The industry is dissatisfied with the new COVID measures Protests by businesses affected by the anti-epidemic measures are growing. On the first day of the new restrictions, restaurateurs, employees in restaurants, but also people from other industries take to the streets of several cities in the country. And they will express their dissatisfaction under the general slogan "Freedom for Business".
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Bulgaria: Minimum Pension Becomes BGN 370

Pixabay Only GERB voted against, the other parties agreed The minimum pension in Bulgaria will be BGN 370 (EUR 189.15) from October 1 this year - this is what the deputies in the Committee on Budget and Finance voted for today during the second reading of the budget update for 2021. "For" were from all parliamentary groups, except GERB, which even refused to be present in the
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Expert: There Might be a New Rise in Gas Prices as Early as January 1

  Pixabay The current increase in prices will be felt in our bills for January, Vasko Nachev believes We can expect new "price slaps" from the beginning of next year. This opinion was expressed by energy expert Vasko Nachev. "We can certainly expect more price slaps, unfortunately. And this will happen on January 1," Nachev said on the show" Hello, Bulgaria. " He recalled
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Bulgaria: MPs at Odds with Finance Minister over Adopted Budget Update

MPs passed the budget update at first reading, but on the condition that they propose a host of changes between the two readings. If these are the novelties, honestly, I advise you not to make a party, Yordan Tsonev said, referring to Finance Minister Asen Vasilev. Whille commenting on the specific parameters of the updates, Yordan Tsonev ofMRF advised the finance minister
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