EU Population Trends: Bulgaria Sees Largest Decrease
As of January 1, 2023, the European Union (EU) has a population of 448.8 million people. Germany is the most populous EU country, with 84.4 million residents (19% of the EU total),
Marking the inaugural decision of Bulgaria's new caretaker government, the Customs Agency welcomes a new director, as announced by acting Finance Minister Lyudmila Petkova. Georgi Dimov, former executive director of the National Revenue Agency (NRA), steps into the role, succeeding Petya Bankova.
Minister Petkova underscored Dimov's leadership qualities and emphasized his mandate to leverage his experience from the NRA to enhance revenue collection within the Customs Agency.
Meanwhile, Rumen Spetsov retains his position as the head of the National Revenue Agency amidst the organizational reshuffle.
The appointment comes in the wake of Bankova's arrest on charges related to participation in an organized criminal group, including allegations of influence peddling, smuggling, and bribery. While details surrounding the scandal remain scant, Minister Petkova and her predecessor Asen Vassilev refrained from commenting extensively on the matter during the transition of power ceremony at the Ministry of Finance.
Former Finance Minister Vassilev commended the revenue agencies for their performance, citing a notable increase in revenue collection compared to the previous year. According to the latest figures shared by Vassilev, the National Revenue Agency witnessed nearly a 15% rise in revenue collection, while the Customs Agency experienced a slight decline of approximately 7%, attributed mainly to factors such as VAT on oil imports and reduced operations at Lukoil.
Reshuffling of leadership positions within revenue agencies is customary following changes in the government, whether official or interim.
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In April, inflation across the European Union remained steady, with both the EU and the Eurozone recording a rate of 2.6% and 2.4%, respectively, according to data from Eurostat, the official statistics agency of the EU
Julian Voinov, an economist and financial expert, expressed optimism regarding Bulgaria's potential adoption of the euro in 2025 or early 2026
This was stated by the Governor of the Bulgarian National Bank at the international conference "Bulgaria in the Eurozone, When?" in Sofia
Former Finance Minister Simeon Dyankov has suggested that Bulgaria's potential entry into the Eurozone may not materialize before 2026
In the initial quarter of 2024, Bulgaria's economy expanded by 0.4%, as per an expedited evaluation by the National Statistical Institute (NSI), a slight deceleration from the 0.5% growth witnessed in the final quarter of the preceding year
According to Levon Hampartzoumian, the likelihood of Bulgaria joining the Eurozone in 2025 is very slim, as no country has ever entered during the middle of the year
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