Bulgarian Rise seeks third mandate
Stefan Yanev, the leader of Bulgarian Rise, today insisted that the third mandate should be handed to his party.The constitution stipulates that the first and second mandates to form a government should be handed to the winner and the runner-up in elections. The third mandate, however, is down to the discretion of the president
Earlier today, the leader of GERB, Boyko Borissov, said that the third mandate should be handed to Bulgarian Rise as they are more amenable to discussions with others. Overall, however, the chances of forming a new government seem extremely slim.
Bulgarian exports break records
Bulgarian exports continue to grow rapidly and as of September, exceed 70 billion leva, which is over 40% more on an annual basis. The value of exports through to September this year is already higher than last year's 68.4 billion leva. Compared to last year, the export of fuels, electricity and fats has increased the most, alongside machinery and chemicals.
However, the impressive statistics are largely due to inflation. The Bulgarian Chamber of Commerce (BCC) has concluded that the real growth of exports in the first half of the year stands at around 10%.
Cigarettes will be dearer
The caretaker government is proposing to raise excise tax on cigarettes on an annual basis until 2026, with the increase commensurate with their price.
It was decided that the prices of the more expensive cigarettes will increase by 13-14 stotinki per year. The cheaper ones will increase in price by an average of 20 stotinki. The biggest increase is requested for smokeless vapes, which should increase by 40 stotinki a year, and smoking tobacco, whose price should increase by 70-80 stotinki per pack.