Bulgaria's Draft Budget for 2025: 3% Deficit, State Debt Growth, and Key Tax Changes
The Bulgarian Ministry of Finance has unveiled the draft budget for 2025, alongside the updated medium-term fiscal forecast covering 2025 to 2028
Turkey intends to intensify cooperation with Bulgaria, Greece and Romania to smoothly readmit irregular migrants who don’t need international protection and have been intercepted by the authorities of the three EU member states, according to a Turkey-EU draft action plan.
European Commission President Jean-Claude Juncker handed over the blueprint for stepping up cooperation in coping with the migrant influx to Turkey’s President Recep Tayyip Erdogan on Monday in Brussels.
Under the plan, Turkey also intends to step up cooperation with Bulgarian and Greek authorities to prevent irregular migration across their common land borders by effectively implementing the tri-partite agreement signed in May 2015, the EU Commission said in a statement.
The Turkish government also intends to strengthen the visa requirements and residence rules applicable in Turkey to nationals from countries that are potentially source of irregular migration for Turkey and the EU.
The action plan elaborated jointly by the European Union and Turkey reflects their agreement to step up cooperation on support of refugees and migration management in a coordinated effort to address the unprecedented refugee crisis created by the situation in Syria and Iraq.
Work is ongoing to reach agreement on the details of the plan which is offering a two-pronged approach to addressing the crisis: by supporting the refugees and their host communities in Turkey and by boosting cooperation to prevent irregular migration flows to the EU.
Turkey has already spent more than EUR 6.75 B of its own funds to address the crisis. The influx of refugees from Syria and Iraq into Turkey has exceeded 2.2 million to date.
Under the plan, the EU intends to mobilise up to EUR 1 B for the period 2015-16 to support Turkey in coping with the challenge represented by the presence of Syrian and Iraqi refugees on the country’s territory. The identification of the funds to be mobilised and the areas where they should be allocated will be discussed and agreed with the Turkish authorities.
In this respect, priority will be given to the opening of the six refugee reception centres built with the EU co-funding, according to the statement.
European Defense Commissioner Andrius Kubilius has called for a significant increase in defense spending among EU member states, suggesting that nations allocate 3% of their GDP to military budgets
Austria has officially announced that it is lifting its veto on Bulgaria and Romania’s accession to the Schengen Area by land
The European Union (EU) and Mercosur countries have reached a landmark agreement to establish one of the world's largest trade deals
French President Emmanuel Macron has pledged to continue serving his full five-year term despite the political turmoil following the resignation of Prime Minister Michel Barnier after a no-confidence vote
European Defense Commissioner Andrius Kubilius warned that if the West fails to provide sufficient military support to Ukraine, Russia could seize the opportunity to target an EU country
French Prime Minister Michel Barnier is set to resign after his government was toppled by a no-confidence vote, marking the first such ousting in over six decades and just three months after taking office
Bulgaria Ranks Second in the Balkans at Paris 2024 Olympics, 26th Overall
Bulgaria Leads Europe in Heat-Related Deaths in Record-Breaking 2023