President begins government consultations
President Rumen Radev has begun consultations with the largest parliamentary group GERB in a bid to form a government. For now, Boyko Borissov's party claims that it will try to gather a majority for the cabinet, mindful that new elections would change little. "The only difference, which would be reflected in an outflow of support, is the topic of responsibility - who will be to blame for the inability of this National Assembly to form a governing majority," said the Deputy Chairman of GERB, Tomislav Donchev.
However, unless the main political players change tack, a government with a GERB mandate cannot be elected. We Continue the Change, Vazrazhdane, BSP and Democratic Bulgaria claim they would not support it. And the votes of GERB, DPS and Bulgarian Rise would not be enough if all deputies voted.
'Gloomy budget' will not be tabled in Parliament
A few days after presenting a 2023 budget framework with a gigantic deficit of 11.6 billion levs, or 6.6% of GDP, and a need for nearly 16 billion levs in additional debt, Acting Finance Minister Rositsa Velkova stated that the caretaker government would not bring it to parliament for a vote. Instead, it will propose a so-called extension law, which will allow the state to run until a regular cabinet is elected, using the financial estimates for 2022. Under this extension, all policies and benefits for households, for businesses, and the size of pensions, and others, will remain as they were in 2022 until a regular government is elected.
The state will continue to function and will be able to pay all already voted public expenses, without having an adopted budget for 2023 on January 1. But it also means that next year the minimum wage will not change and will stay at 710 levs, and insurance thresholds will also remain at this year's levels.
Bulgarian company takes over Twitter's communication services
Bulgarian advertising agency NEXT-DC has gained a major new client in its portfolio. Since the summer, the company has been among the agencies working on Twitter's communication projects for the EMEA region (Europe, Middle East and Africa), Israel and German markets. NEXT-DC has partnered directly with the tech giant's European headquarters in Dublin and already has had its first project implemented. At the end of September, the Bulgarian team was tasked with building Twitter's stand at one of the largest digital conferences in Europe, Dmexco in Cologne.