Ministry of Finance

Caretaker Prime Minister Dimitar Glavchev has announced a request to the Ministry of Finance to ensure that defense spending exceeds 2% of Bulgaria's gross domestic product (GDP). This commitment aligns with NATO's broader goals, which urge member states to allocate even higher percentages for defense, targeting 2.5% of GDP by 2025 and encouraging a move toward 3%.

Caretaker Prime Minister Dimitar Glavchev emphasized that the adoption of the national budget remains a top priority for Bulgaria. He urged the 51st National Assembly to begin its work so that the budget can be discussed and approved. Glavchev noted that the Ministry of Finance has already prepared the budget and shared it with political parties.

The government is initiating changes in the operational doctrine of migration management following unfavorable developments in recent weeks, particularly focusing on Rhodes.

The Ministry of Finance has announced plans to conduct a study analyzing the attitudes, expectations, and challenges faced by citizens and businesses in relation to Bulgaria's transition to the eurozone. A public procurement valued at 400,000 leva, excluding VAT, has been launched for this purpose.

“Buy whatever you can.” With this phrase, crypto evangelists urge mostly retail investors to pour all their money into bitcoin and other cryptocurrencies.

Pensions in Bulgaria will be increased by 9.6-9.7% from July next year, as per the Ministry of Finance's latest estimates, which are in line with the Swiss indexation rule. Initially, experts had predicted a smaller increase of 8.7%. As a result, the minimum pension is expected to rise to approximately 636-637 leva.

The country faces a standstill due to the general strike called by GSEE (General Confederation of Greek Workers) and ADEDY (Civil Servants’ Confederation).

The Ministry of Finance aims to address the growing housing problem by offering a dual incentive to taxpayers: a subsidy for the renovation of vacant properties and tax-free rental income. The “Renovate – Rent” program provides a subsidy of up to €8,100 for renovation expenses, while the income from the rental remains tax-free for three years.

Let’s see an example:

Greece must revise its budget for 2025 because there is more money available than anticipated. This is due to the increased tax revenues and the early repayment of previously taken loans ahead of schedule.