Bulgaria’s 2026 Budget Stays Unchanged After GERB Meets Unions
Bulgaria’s ruling party does not plan to alter the proposed state budget for 2026, following a meeting between union leaders and GERB chairman Boyko Borissov
Former Finance Minister in the Three-Way Coalition Cabinet, Plamen Oresharski, has been nominated for Prime Minister by the Socialists. Photo by BGNES
The Bulgarian Socialist Party, BSP, is considering taxing more people with higher income and easing taxation for the most disadvantaged.
The statement was made Friday by former Finance Minister in the Three-Way Coalition Cabinet, Plamen Oresharski, who has been nominated for Prime Minister by the Socialists.
Oresharski said the exact parameters would be announced in upcoming days.
He stressed Bulgaria, along with other countries, had been wrong to believe the market can regulate everything on its own.
"Many States now are at a crossroad, mulling how to combine the free market with government regulation. Fighting artificial monopolies is more important than abolishing natural ones," said the former Finance Minister, speaking at a conference organized by the Confederation of Free and Independent Syndicates in Bulgaria, KNSB, to present a memorandum for social-economic and public-political development of the country in 2013 - 2017.
Regarding the absence of the representative of the Citizens for European Development of Bulgaria party, GERB, former Deputy Finance Minister in its Cabinet, Vladislav Goranov, Oresharski commented GERB were under the wrong impression they knew everything and did not need consultations with employers and trade unions.
On the memorandum, he noted some of the proposals were sound and made sense and BSP would support them, but others needed serious debates, despite having merits as well.
Oresharski claimed that 300 000 private companies have become bankrupt during GERB's rule.
The official website dedicated to Bulgaria’s transition to the euro, evroto.bg, has published the full set of information materials used during the national awareness campaign
Economist Dimitar Sabev, from the Institute for Economic Research at the Bulgarian Academy of Sciences, has assessed the draft budget and broader economic situation in Bulgaria
As Bulgaria prepares to join the eurozone, many people who have been collecting coins from daily change may be wondering what to do with their small change
Economist Georgi Ganev has warned that Bulgaria’s forthcoming budget is likely to leave the country poorer than it could be, emphasizing that the process lacks genuine dialogue
From January 1, 2026, Bulgaria will officially become part of the eurozone, and the Bulgarian National Bank (BNB) will join the Eurosystem's joint production pool for euro banknotes
The Bulgarian government under Prime Minister Rosen Zhelyazkov says the country is fully prepared for the switch from the lev to the euro on 1 January 2026, having finalised key legislative and operational steps.
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