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Bulgarian PM Plamen Oresharski. Photo by BGNES
Bulgaria's cabinet has no plans whatsoever to change the VAT rate in the country, stated PM Plamen Oresharski.
"The VAT rate has been periodically discussed since 1994, but in no case has it been changed," said Oresharski in Blagoevgrad, where he met representatives of municipal authorities from the region.
"At least while I am PM, the VAT rate will not change," stated he.
Oresharski brought with him to Blagoevgrad Minister of Environment Iskra Mihaylova and Minister of Defense Angel Naydenov, because according to him local authorities expressed the most interest to talka about investments in the water sectors, as well as about properties no longer used by the army.
The Oresharski cabinet has been facing strong street protests that started in capital Sofia just a few weeks after its May 29 appointment.
With the onset of the holiday month of August, protests have dwindled, but protesters have vowed to return in September.
Support for the ongoing protests in Bulgaria remains strong, according to the latest data from the independent sociological program of the “Myara” agency
The chairman of GERB’s Sofia youth organization, Nikola Skorcheliev, accused former Prime Minister Kiril Petkov indirectly of stirring unrest during Monday’s protest
Bulgaria’s government has officially decided to withdraw the draft budget for 2026 following widespread public protests, one of the largest demonstrations in recent decades
Georgi Kuzmov, mayor of Sofia’s Oborishte district, commented on the aftermath of last night’s protests
Delyan Peevski, leader of DPS-New Beginning, issued a sharp statement accusing President Rumen Radev of orchestrating the unrest, destruction and fires that unfolded (by provocateurs) in central Sofia tonight
The "Podkrepa" Confederation of Labour is preparing protests in response to the proposed 2026 state budget, warning that real income growth is set to turn negative
Pension insurance contributions will not increase in 2026, while pensions themselves will be updated from 1 July under the Swiss indexation formula, resulting in an expected rise of 7–8%.
The digital euro is a crucial tool for strengthening Europe’s financial and strategic independence and will complement physical cash amid the rapid digitalisation of payments.
With two months left until the end of the year, the collection of some of the main taxes is significantly lagging behind the targets set in the budget.
Beginning on January 1, 2026, Bulgaria will adopt the euro as its official currency
The latest assessment from the Organisation for Economic Co-operation and Development suggests that Bulgaria will maintain solid economic momentum this year
Financial expert Max Baklayan has warned that the main risk in Bulgaria’s transition to the euro is not the exchange rate, but the increased likelihood of counterfeit currency
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