Bulgaria's Growing Appetite for Government Debt Draws Scrutiny
At a recent press briefing following Bulgaria's latest issuance of foreign debt, Finance Minister Temenuzhka Petkova avoided the term “debt” altogether
The Alternative for Bulgarian Revival (ABV) is demanding Finance Minister Vladislav Goranov's resignation, the party's deputy chair Rumen Petkov has said.
Petkov told private TV station NOVA that the reason has been the uncertainty around BGN 16 B of new debt which Goranov is convinced Bulgaria will need in the course of the next three years to finance its deficits and payments of foreign debt.
Parliament overwhelmingly approved the move on Wednesday, and ABV also voted yes, prompting its leader President (2002-2011) Georgi Parvanov to announce he would resign.
But Petkov said on Thursday the party could not accept his resignation.
He also told NOVA TV on Saturday that a "promise" of Goranov, under which the cabinet would seek a BGN 2 B reduction of the debt if Parliament ratifies it, has not been included in the final version of the ratification.
A number of parties in Parliament that had fervently opposed the deal changed their stance after the minister made his promise. ABV, which has a minister in the government, was among them.
On Thursday Parvanov said they had approved the deal "due to a lack of communication", since he had been and still was firmly against it.
Lyudmila Elkova underscored that joining the eurozone goes beyond mere procedural steps
As Bulgaria stands on the verge of adopting the euro, the country faces a sharp rise in counterfeit banknotes
At a briefing, Finance Minister Temenuzhka Petkova expressed optimism that Bulgaria is on track to meet the eurozone’s price stability criterion once again in June
Some Bulgarians are beginning to exchange their leva for euros ahead of the country’s eurozone entry, only to find that the rates offered at banks and exchange offices differ from those announced publicly
Bulgaria’s annual inflation rate climbed to 4.4% in June 2025, marking its highest point since December 2023
Deputy Finance Minister Metodi Metodiev described the recent upgrades to Bulgaria’s credit rating by three international agencies as a clear sign of growing investor confidence
Operation Rising Lion: Why and How Israel Attacked Iran
EU Population Grows by Over a Million, While Bulgaria Continues to Shrink