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The first session of new Bulgaria’s government will start on Tuesday.
The government will discuss the budget update and amendments to the tax laws. It transpired on Monday that it will table a new proposal, withdrawing the one made by the caretaker government.
According to the new draft, posted on the finance website on Monday, the new update provides for an excessive deficit of 3.7% of GDP, or a little below BGN 3 B.
For comparison the caretaker's estimations for a bigger excessive deficit. Both the old and the new budget update plans provide for a new state loan of BGN 4.5 B.
Bulgaria ranks as one of the three European Union member states with the lowest government debt relative to GDP in the third quarter of 2025, though it also registered the second-highest increase in debt compared with the previous quarter
The European Union has unveiled the details of a 90 billion euro financial package to support Ukraine, with the bulk of the funds earmarked for defense as the conflict with Russia nears its fifth year.
Nadezhda Yordanova formally accepted the second mandate to form a government from President Rumen Radev on behalf of the parliamentary group "We Continue the Change-Democratic Bulgaria" (WCC-DB) and immediately returned it unfulfilled
Outgoing Bulgarian Prime Minister Rosen Zhelyazkov received a mandate from President Rumen Radev on Monday to form a new GERB-led government, but he immediately returned it unfulfilled, effectively completing the first stage in the post-resignation proced
The coalition We Continue the Change-Democratic Bulgaria (WCC-DB) will return the exploratory mandate to form a government immediately after it is handed over by President Rumen Radev
President Rumen Radev will formally begin the constitutional procedure for forming a new government on Monday, January 12, at 10:00 a.m., by handing the first exploratory mandate to the prime minister-designate nominated
Bitcoin prices recently faced a correction, with significantly increased market volatility.
Bulgaria’s transition to the euro is proceeding smoothly, marking a major step in the country’s full integration into the European Union, according to an analysis by the Fiscal Council.
The Coordination Center for the Euro Mechanism provided an update on the implementation of the euro in Bulgaria, highlighting that the process is progressing in an orderly and coordinated manner
Bulgaria’s outgoing Agriculture Minister Georgi Tahov has assured that the European Union’s trade deal with Mercosur will not negatively affect the country’s economy, pointing to the very limited trade between Bulgaria and the South American bloc.
Simeon Dyankov, chairman of Bulgaria’s Fiscal Council, has warned that price increases implemented by traders are likely to remain in place despite new laws and fines
The Bulgarian government has approved an additional €25 million in revolving credit for Bulgarian Posts EAD to support the ongoing exchange of levs into euros at post offices
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence
