15.09.2022
ANNUAL INFLATION REACHED ALMOST 18% FOR AUGUST
Monthly inflation is 1.2% and annual inflation is 17.7%. This is shown by the official data of the National Statistical Institute. Inflation is measured by the Consumer Price Index, with monthly inflation for August 2022 compared to the previous month and annual inflation for August 2022 compared to the same month of the previous year.
In August 2022, compared to the previous month, the largest price increase was in the groups: housing, water, electricity, gas and other fuels (+5.2%), various goods and services (+2.3%) and home furnishings, household appliances and accessories and usual home maintenance (+1.8%). A decrease in prices was registered in the transport (-3.8%) and clothing and footwear (-2.3%) groups.
Consumer Price Index
In August 2022, the monthly inflation was 1.2% compared to the previous month, and the annual inflation for August 2022 compared to August 2021 was 17.7%.
Year-to-date inflation (August 2022 vs. December 2021) is 12.6%, and average annual inflation for the period September 2021 - August 2022 vs. September 2020 - August 2021 is 11.7%.
In August 2022, compared to the previous month, the prices of goods and services in the following consumer groups increased as follows:
In August 2022, compared to the previous month, the prices of goods and services in the following consumer groups decreased as follows:
The prices of products in the "Education" group remain at the level of the previous month.
In August 2022, the prices of the following food products increased: cucumbers - by 10.6%, apples - by 7.0%, leafy vegetables - by 5.0%, margarine - by 4.6%, ripe onions - by 4.0%, full-fat fresh milk - by 3.9%, eggs - by 3.7%, low-fat fresh milk - by 3.7%, yogurt - by 3.6%, sugar - by 3.5%, short-lived sausages - by 3.4%, dairy oils - by 3.1%, mushrooms - by 3.0% , cheese - by 3.0%, pasta - by 2.8%, pork - by 2.8%, salt - by 2.7%, coffee - by 2.7%, citrus and southern fruits - by 2.2%, fresh and chilled fish - by 2.2% , fresh vegetable spices - by 1.8%, cottage cheese - by 1.7%, beef meat - by 1.7%, lentils - by 1.5%, chocolate and chocolate products - by 1.5%, mineral waters - by 1.4%, fruit juices - by 1.4%, tea - by 1.3%, beer - by 1.3%, poultry meat - by 1.3%, pepper - by 1.3%, minced meat - by 1.2%, rice - by 1.2%, cabbage - by 1.0%, durable sausages - by 0.8%, cheese - by 0.6%, wines - by 0.3%, and others.
In August 2022, the prices of the following food products decreased: tomatoes - by 6.8%, root vegetables (carrots and beets) - by 5.4%, ripe garlic - by 4.5%, other fresh vegetables (green beans, zucchini and eggplants ) - by 4.4%, watermelons and melons - by 3.7%, potatoes - by 2.9%, ice cream - by 2.5%, flour - by 2.4%, peaches and apricots - by 2.3%, oil - by 2.2%, bread "Dobrudja" - by 2.1%, white bread - by 2.0%, type and rye bread - by 1.8%, ripe beans - by 0.8%, olives - by 0.7%, vinegar - by 0.6%, carbonated drinks - by 0.5%, brandies - by 0.2%, and others.
During the month under consideration, in the groups of non-food goods and services, an increase in prices was registered for: central gas supply - by 50.6%, methane for light goods vehicles - by 39.1%, letter processing services - by 13.6%, wood for heating - by 8.5 %, pellets - by 5.9%, water supply - by 5.3%, collection, removal and treatment of waste water - by 5.0%, products and preparations for cleaning and maintaining the home - by 4.3%, coal - by 4.0%, personal care products hygiene and cosmetics - by 3.6%, package services for holidays and tourist trips abroad - by 2.9%, ongoing repair and maintenance of housing - by 2.1%, educational literature - by 2.1%, hotel accommodation - by 1.4%, passenger car transport - by 1.3%, other postal services (courier services) - by 1.3%, horticulture and floriculture - by 0.8%, catering services - by 0.8%, spare parts for LTS - by 0.8%, motor and lubricating oils - by 0.7%, refrigerators - by 0.5%, barber and hairdressing services - by 0.5%, air conditioning systems - by 0. 5%, and others.
In August 2022, in the groups of non-food goods and services, a price reduction was registered for: propane-butane gas for light vehicles - by 17.9%, motor gasoline A95N - by 6.9%, diesel fuel - by 6.8%, motor gasoline A100N - by 3.9%, shoes - by 3.7%, car insurance - by 1.9%, clothing - by 1.6%, cooking stoves - by 1.5%, laptops - by 1.4%, gaseous fuels for household needs - by 1.0%, televisions - by 0.8%, washing machines and dishwashers - by 0.5%, desktop personal computers - by 0.1%, and others.
In August 2022, the prices of medical and dental services increased by 0.6% and 0.1%, respectively, and the prices of medicinal products remained at the level of the previous month.
Harmonized Index of Consumer Prices
According to the Harmonized Index of Consumer Prices in August 2022, the monthly inflation was 0.8% compared to the previous month, and the annual inflation for August 2022 compared to August 2021 was 15.0%.
Year-to-date inflation (August 2022 vs. December 2021) is 11.2%, and average annual inflation for September 2021 - August 2022 vs. September 2020 - August 2021 is 9.9%.
According to the Harmonized Index of Consumer Prices in August 2022, compared to the previous month, the prices of goods and services in the following consumer groups increased as follows:
According to the Harmonized Index of Consumer Prices, in August 2022, compared to the previous month, the prices of goods and services in the following consumer groups decreased as follows:
The prices of products in the "Education" group remain at the level of the previous month.
Price index for the small basket
According to the price index for the small basket, in August 2022 an increase of 1.7% was recorded on a monthly basis and by 14.1% since the beginning of the year (August 2022 compared to December 2021).
In August 2022, the prices of goods and services from the small basket for the lowest 20% of households have changed from the previous month as follows:
15.09.2022
THE EMPLOYER IS OBLIGED TO INFORM US ABOUT TRAINING IN THE COMPANY
Through the amendments to the Labor Code from August 1, 2022, obligations are created for the employer to acquaint the worker or employee with the internal rules for the salary, to provide information on the terms and conditions for terminating the employment contract in accordance with the possibilities provided for in the labor legislation, as well as for the trainings organized by the employer, related to maintaining and increasing professional qualifications and improving professional skills.
The changes are aimed at guaranteeing the right of the worker or employee to receive complete information about the employment relationship, which is a prerequisite for greater job satisfaction, as well as for avoiding labor disputes. What are the new requirements for employers in this field?
One of the amendments to the Labor Code from August 1, 2022 requires the employer to provide workers or employees with information about the training provided by him, related to maintaining and increasing professional qualifications and improving professional skills.
The mechanisms through which this obligation must be fulfilled are different and depend on the discretion and capabilities of the employer. In modern conditions, it can also be performed digitally. Such information is usually contained in the employer's target plans for this activity. It can cover the subject of the trainings, the place and duration of their conduct, the conditions for conduct and others.
The next change is related to the provision by the employer of information on the terms and conditions for terminating the employment contract in accordance with the provisions of the Labor Code.
The duty of employers is formulated as owed to all workers and employees. It can be implemented through general or more specific clarifications regarding the legal requirements for termination of the employment relationship, presented through any information mechanisms existing in the enterprise, including digital ones, if any have been built. There is no obstacle for the obligation to be fulfilled by providing ready and generally accepted information that would direct interested parties to existing information in various information environments.
When the employer wants to terminate a specific individual employment relationship, he owes individual performance of his obligation with information to the specific employee.
Reference:
Art. 127 of the Labor Code
14.09.2022
GTAI: BULGARIA HAS THE LOWEST LABOR COSTS IN THE EU
In its publication "Labor costs and wages - Bulgaria 2022", the German Economic Development Agency (Germany Trade & Invest - GTAI) informs about the labor market, wage costs and labor legislation in Bulgaria, reported the German-Bulgarian Industrial -chamber of commerce in the latest issue of its newsletter Bulgarien Aktuell.
Bulgaria has relatively the lowest labor costs in the European Union. But companies need to work harder to retain qualified employees.
Labor market
Although Bulgaria's labor market has recovered from the coronavirus crisis, some employers are struggling with structural weaknesses, the publication said, citing data from the Employment Agency, which showed demand for staff rose by 13 percent in the first three month of 2022 compared to the same period last year.
The demand for personnel in the service sector is particularly high. Since the beginning of 2022, the trend of the struggle for qualified personnel has intensified, which suppresses the unemployment rate. For 2022, the quota is expected to drop further and be between 4.8 and 4.9 percent, the Employment Agency has calculated.
The greatest need for qualified workers is in wholesale and retail trade, in logistics and transport, in the restaurant industry and in the ICT sector. In manufacturing, most employers plan to retain and slightly increase their staff. The employment agency reports the greatest need for personnel in the textile and leather industries, in machine building and metallurgy.
Low labor costs are an advantage of the location
According to Eurostat, for 2021 the average labor costs were around 7 euros per hour. The employment rate was 68.1 percent at the end of 2021, and according to the National Institute of Statistics, it was 3.9 percentage points higher than in 2021. Due to the high demand for personnel, companies in some cases increased wages. About 65 percent of the employed work in the service sector and about 30 percent in industry. Labor costs rose above average by 9.1 percent year-on-year in 2021, Eurostat reports.
Remuneration and salaries
The services sector recorded the largest increase in labor costs at 14.4 percent in the first three months of 2022 compared to the same period last year. Labor costs rose 11.8 percent year-on-year in manufacturing and 10.7 percent in construction over the same period, the National Statistics Institute reported.
14.09.2022
IMF: IF MORE WOMEN WORK, WORLD PRODUCTION WILL INCREASE BY 35%
Too many women are deprived of economic opportunity, which is not only unfair, but harms growth and sustainability for all. We know that in countries with greater gender inequality, closing the gap in women's labor force participation alone can increase economic output by an average of 35%. This is noted in an analysis by a joint team led by IMF Managing Director Kristalina Georgieva, Antoinette Sayeh, IMF Deputy Managing Director, and Ratna Sahai, Senior Gender Advisor, entitled "How to overcome the gender gap and to develop the world economy'.
However, progress has been slow, and shocks such as health and climate disasters, social unrest and war continue to exacerbate gender inequality, directly affecting women's lives and livelihoods or preventing them from attending school and working.
According to the report, appropriate economic and financial policies can help reverse these negative outcomes by improving economies by supporting recovery and building resilience against future shocks. In other words, a dividend for women is a dividend for everyone.
For example, while the pandemic has set women back everywhere, it has also led to policy innovations. Several emergency pandemic relief programs targeted women and brought more people into social safety nets. This makes it easier to provide targeted assistance to deal with the current spike in food and fuel prices. For policymakers, there are proven solutions for taking gender-responsive macroeconomic action.
First, to increase investment in women's human capital. The gains from ensuring women's equal access to food, health and education are particularly large in countries with emerging and developing economies. Consider cash transfers that help families afford the basics in countries with less developed social safety nets. At the start of the pandemic, Brazil introduced the "Emergency Aid" cash transfer program, which provided double aid to female-headed households. IMF staff estimates that without Emergency Assistance, the poverty rate among these households would have increased from 11 percent to over 30 percent, but instead fell to about 8 percent. And Egypt recently extended cash assistance to low-income single mothers, helping them keep their children healthy and in school. In Togo, mobile technology helped speed up emergency financial aid during the pandemic, with women particularly benefiting.
The second proven solution according to the IMF report is to enable women to work outside the home or start their own businesses. Reforms in taxation, public spending, financial infrastructure and regulations, and in labor markets can also help. Providing access to quality and affordable childcare frees up more women to work and also directly creates jobs. In Norway, the expansion of universal child care increased the probability of mothers being employed by 32 percentage points. In emerging and developing economies, access to mobile phones and the Internet opens the door to economic opportunity. For example, IMF studies show that traditional and digital finance help close the gender gap in access to financial services, including microcredit – leading to lower income inequality and higher growth.
The third area is the fight against prejudice. Out of 190 countries surveyed, the World Bank found that women were legally equal to men in only 12 countries. According to the Organization for Economic Co-operation and Development, gender-based discrimination in social institutions costs the world economy $6 trillion. But in recent years, states have reduced those costs through social and legislative action, such as limiting child marriage, criminalizing domestic violence and increasing the number of women in elected office.
Fourth, increasing the representation of women in leadership positions is also critical. IMF analysis shows that a greater presence of women in financial institutions and in financial policy-making goes hand in hand with greater financial resilience. And in fintech companies and the corporate sector, higher numbers of women in leadership positions are associated with better results and profitability, respectively.
The IMF has been supporting its members in introducing and improving gender equality policies for years. The Executive Board recently endorsed the IMF's first comprehensive Gender Mainstreaming Strategy to help members adapt gender equality policies to their unique circumstances. The strategy recognizes that macroeconomic and financial policies affect women and men differently, albeit often unintentionally.
For example, Egypt expanded preschool education and improved public transportation safety under an IMF-supported program, thereby helping women reach their workplaces. And Sao Tome and Principe, with the support of an IMF program, launched a gender budgeting initiative—the use of fiscal policies and institutions to promote women's equality across government programs.
Under the new strategy, over the coming years the Fund will work with 190 member states and external partners to broaden the scope of its policy recommendations and bring greater rigor to its analysis to help more countries prepare and implement policies to support gender equality. Over time, gender-responsive macroeconomic and financial policies will lead to higher growth, greater economic stability and resilience, and reduced income inequality—a dividend not just for women, but for all, the report concludes.
14.09.2022
AN IMPORTANT DEADLINE FOR TAX RETURNS IS COMING UP
The deadline for submitting corrective declarations by individuals and legal entities expires on September 30, the NRA announced. Citizens and companies have the opportunity to one-time correct the data specified in the annual income tax return for individuals and the corporate tax form for legal entities.
This is done by submitting a one-time corrective declaration, after the deadline for submitting the annual tax declaration, but before September 30 of the current year for changes related to the declared taxes from the previous year. Individuals can make adjustments after April 30 through September 30.
For legal entities, sole traders, farmers who have chosen to be taxed as sole traders and individuals operating as traders, this period starts after June 30 and lasts until the end of September.
They submit their corrective return online, through the electronic services of the revenue agency, accessible with a personal identification code (PIK) of the NRA or with an electronic signature.
Information on filling out and submitting tax and insurance declarations and contributing amounts to the budget can be obtained from the website of the revenue agency or by calling the NRA - 0700 18 700 at a price according to the tariff of the relevant operator.
14.09.2022
THE BULGARIAN DEVELOPMENT BANK HAS LAUNCHED A DIGITAL PLATFORM TO HELP BUSINESSES
How to help entrepreneurs from anywhere in the country to get financing completely online and quickly and easily turn their ideas into a working business? This is the mission of Business Booster - the new digital platform of the Bulgarian Development Bank.
It was officially launched yesterday. Business Booster is a huge relief for micro, small and medium-sized companies in the country in need of financing, as the bank does not have a branch network.
The possibilities of the platform for supporting Bulgarian entrepreneurship were presented by the executive director of BDB Tsanko Arabadzhiev, the executive director of the subsidiary "BDB Microfinance" Ivana Tsaneva, the technology partner Software Group and the authors of the main graphic vision ROBO Lab.
The premiere of Business Booster was attended by the bank's partners in the implementation of the platform, Eurotrust and Borika, and representatives of the leading business associations and stakeholders in Bulgaria (Executive Agency for the Promotion of Small and Medium Enterprises, Invest Bulgaria Agency, Association of Industrial Capital in Bulgaria, Bulgarian Industrial Association, Bulgarian Chamber of Commerce and Industry, etc.), as well as many clients of the bank.
The platform started with the "Microstart" program, which offers financing up to BGN 50,000. The addition of new financial programs in Business Booster for the needs of small and medium-sized businesses is forthcoming.
Users will be assisted by the digital assistant Vicky - a 3D animated image that will help in every step of successfully using Business Booster.
All necessary documents are completed and signed entirely online. To create a company profile, it is only necessary to enter a Single Identification Code and the data is loaded automatically through integration with the Commercial Register. A qualified electronic signature is also needed, for which the platform works with Eurotrust.
By the end of the year, a back office system will be introduced that will speed up the examination of credit applications - Credit Quest.
Business Booster also offers a free "Business Academy" - training with manuals, video lessons and a digital library, where all necessary forms and documents for starting a business are published, as well as a special tool for creating a business plan - Business Plan Wizard.
To ensure entrepreneurs sell their products, BDB's new digital platform also enables them to easily and free open an online store with a built-in invoicing module.
14.09.2022
IS SALARY PAYMENT POSSIBLE IN BITCOIN?
According to the law in Bulgaria, it is not permissible to pay the full amount of the labor remuneration in non-monetary form.
This conclusion stems from Bulgaria's international legal commitments as a member state of the International Labor Organization (ILO). Bulgaria ratified Convention No. 95 of the ILO on the protection of wages. The main purpose of the Convention is to guarantee the actual receipt of labor remuneration by workers. According to the document, wages should only be paid in legal tender, and payments in the form of checks, receipts or coupons or in any other form believed to be legal tender are prohibited.
Partial payment of wages in kind is permitted in industries and occupations where such payment is customary or desirable due to the nature of the industry or occupation concerned. In no case is it allowed to pay wages in alcohol or drugs. In cases where partial payment of wages in kind is permitted, appropriate measures must be taken to ensure that benefits in kind are for the personal use of the worker and his family and are in their interest. It should also be ensured that the value of such benefits is fair and reasonable.
According to Bulgarian legislation, labor remuneration is paid in cash. Additional labor remuneration or a part of it may be paid in kind, if this is provided for in an act of the Council of Ministers, in a collective labor agreement or in the labor contract. The law in our country also says that additional labor remuneration provided in kind cannot include alcoholic beverages, harmful narcotic substances and tobacco products.
Insurance contributions are not calculated and paid on the funds provided in the form of food vouchers to employees, including persons working under management contracts.
It is important for employers to know that social costs for 2022 of up to BGN 200 per month provided in the form of food vouchers to each employee are not taxed. For comparison, before the entry into force of this provision (from 01.01.2022), this amount was BGN 80 per month per person.
Reference:
Convention No. 95 of the International Labor Organization (Articles 3 and 4 of the Convention)
Art. 269 of the Labor Code
Art. 6, para. 3 of the Ordinance on the structure and organization of the salary
Art. 209, para. 1 of the Law on Corporate Income Taxation
Art. 2, para. 3 of the Ordinance on the elements of the remuneration and on the income on which social security contributions are made
§ 1, para. 7 of the Transitional and Final Provisions to the Law on the State Budget of the Republic of Bulgaria for 2022.
13.09.2022
PUNISHMENT FOR THE USE OF ALCOHOL DURING WORK
The employer or the immediate supervisor may temporarily remove from work a worker or an employee who appears in a condition that does not allow him to perform his work duties, uses alcohol or another strong intoxicant during working hours.
The suspension shall continue until the worker or employee regains fitness to perform his assigned work.
During the time the suspension lasts, the worker or employee does not receive labor remuneration. Dismissal is an act that temporarily suspends the performance of the work obligation without terminating it. By its legal nature, it is a coercive disciplinary measure and represents a specific manifestation of the employer's disciplinary power.
When performing the work for which he has agreed, the worker or employee is obliged to report to work in a condition that allows him to perform the assigned tasks and not to use alcohol or any other intoxicating substance during working hours. Otherwise, it is considered a violation of labor discipline.
Practice shows that, in addition to the law, the employee's obligation to report to work in a condition that allows him to perform his work in a quality and safe manner is also regulated in his job description, which he signs before being appointed to the relevant workplace.
Another way to regulate such relationships is the Rules for the internal labor order in the relevant workplace. The employer is obliged to issue a regulation for the internal labor order, which defines the rights and obligations of the employees and the employer in terms of the employment relationship and regulates the organization of work in the enterprise according to the particularities of its activity. The employer issues the rules for the internal work order, after conducting preliminary consultations with the representatives of the trade union organizations in the enterprise and with the representatives of the workers and employees under Art. 7, para. 2 of the Labor Code.
Reference:
Art. 126, art. 181, Art. 187 and Art. 199 of the Labor Code
12.09.2022
ONLINE COURSE "SOLVING PROBLEMS WITH EXCEL" STARTS ON OCTOBER 4
Online course "Solving problems with Excel - basic level" started on October 4. It is free for Confederation of Independent Trade Unions in Bulgaria and Bulgarian Industrial Association members, and registration is open until September 30.
The training lasts 8 hours and will be divided into 4 days of 2 hours each. It will be held on October 4, 6, 11 and 13 at 10 am.
The course is suitable for complete beginners with no experience with MS Excel or other similar software, or those with basic work skills who want to familiarize themselves with the full professional capabilities of the application.
For the course
In this course you will learn the basics of Microsoft Excel. Within 8 hours, you'll be able to expertly navigate Excel's user interface, perform basic calculations with formulas and functions, professionally format spreadsheets, and create data visualizations through charts and graphs. You'll discover a whole range of skills and techniques that will become a standard component of your everyday use of Excel. In this course, you will build skills to manage large data sets and create reports. These key techniques and tools will allow you to efficiently automate your daily tasks in Excel.
Whether you want to fill in the gaps for better efficiency and productivity, or have never used Excel before, this training will give you a solid foundation to become a confident user and develop your skills.
The best way to learn Excel is to use Excel. Learners will solve a wide range of problems and cases while applying the Excel skills and techniques they learn during training.
This course uses Excel workbooks that you will have access to, with applied examples and hands-on exercises. This provides learners with countless opportunities to practice their Excel skills while discovering new and useful Excel productivity features for different contexts.
Microsoft Excel is one of the most powerful software used in workplaces around the world. Learning to work confidently with this software means adding a very valuable asset to your work portfolio. At a time when jobs with digital skills are growing much faster than non-digital jobs, make sure you're positioned ahead of the crowd by adding Excel skills to your portfolio.
Skills you will acquire:
How is the training conducted?
The training will be conducted via the Zoom platform. After you have submitted a request, you will receive a confirmation email and a link to the platform. With it you can enter the virtual classroom on the day and time of the announced training. Using this platform requires you to complete the following steps before the meeting starts:
How can you sign up?
Send an email with your request containing name, email and course name to: fandonov@citub.net by September 30, 2022. Once you have submitted your request, you will receive an email with the learning resources and a link to the Zoom platform within 2 days before the start of the course.
How are participants evaluated?
The training will end with solving given problems using Excel. Do not take it as a test, but as an opportunity to practice the topics you have learned.
Is a Certificate issued?
Upon successful completion of the course, a Certificate is issued.
More about the training:
The course covers the following topics:
For additional information or technical problems, you can contact us by e-mail: fandonov@citub.net.
12.09.2022
THE STATE CONTINUES TO SUPPORT BUSINESSES WITH EC PROGRAMS
By the end of the year, BGN 735 million will enter the Bulgarian economy through the Ministry of Innovation and Growth alone, mostly for small and medium-sized companies, said the Minister of Innovation and Growth Aleksandar Pulev at the opening of the forum "Big money for small business: Funding opportunities under the Recovery and Resilience Plan".
The Deputy Prime Minister for the Management of European Funds Atanas Pekanov and Minister Pulev opened the meeting, which is organized by the Executive Agency for the Promotion of Small and Medium Enterprises. It was attended by the Director General of the General Directorate "European Funds for Competitiveness" Iliyana Ilieva and the Executive Director of the Executive Agency for the Promotion of Small and Medium Enterprises Boyko Takov, as well as experts.
The majority of these BGN 735 million will go through the National Plan for Recovery and Resilience. The plan is working - in the Ministry of Innovation and Growth we already have an application procedure - this is the procedure for technological modernization for BGN 260 million, and the deadline for applying projects is September 21, Pulev recalled.
The state continues to work, even though we are an official cabinet, the minister added. Our main commitment is to give a breath of fresh air to Bulgarian business and especially to small and medium-sized companies at a difficult time - inflation, destroyed supply chains and others, he added. I am grateful for the legacy, we have a wonderful team of experts in the Ministry of Innovation and Growth, said Aleksandar Pulev.
The second procedure under the National Plan for Recovery and Resilience, on which the Ministry of Innovation and Growth is working, is for BGN 30 million for ICT solutions and cyber security. This will be 100 percent grant aid for about 1,400 companies, he pointed out. The third procedure being prepared is for investments in photovoltaic plants plus batteries and will have a budget of BGN 200 million. The fourth has a budget of BGN 120 million for development and intellectual activity, the minister said.
In parallel, work is being done on the structural funds, the majority of which will reach the economy from the beginning of next year, but now we have to meet all the deadlines, Pulev also told the participants of the meeting. We have made progress on the two largest programs - "Competitiveness and Innovations" with a resource of BGN 3 billion. We have already submitted the program to the EC and I hope it will be approved as quickly as possible. The program has a resource of about BGN 3 billion. The other structural funds program is "Research and digital transformation". It has a budget of BGN 2 billion and I am confident that it will be submitted to the EC by September 23, said Aleksandar Pulev.
