Inflation Rises Slightly in Bulgaria, Falls Across the Eurozone
Inflation in Bulgaria recorded a slight uptick in May 2025
The Bulgarian government has named Kalin Mitrev as the country's representative in the Board of Directors at the European Bank for Reconstruction and Development (EBRD).
Mitrev will also assume the Alternate Director's position, heading the bank's joint office for Poland, Bulgaria and Albania.
He "has long experience in working with the EBRD, which ensures coherence and efficiency in the use of resources of the institution and the support for programs and projects that are important to Bulgaria," the government said in a statement after a Wednesday cabinet meeting.
Mitrev has held the office twice before being replaced by Slavka Slavova in 2009. The latter was dismissed in April 2014 under a socialist-liberal administration (which reappointed Mitrev), claiming she had learned about the reshuffle by the media.
Mitrev's wife, Irina Bokova, is the Director-General of UNESCO, whose name has been officially submitted by Bulgaria as a candidate to take over as UN Secretary General in February.
Bulgaria has secured an additional 300 million leva in debt from the domestic market, according to the results of the latest government securities auction held by the Bulgarian National Bank (BNB)
In April 2025, Bulgaria recorded a current account deficit of 724.9 million euros, marking the largest monthly shortfall since January 2022
With Bulgaria set to adopt the euro on January 1, 2026, questions are surfacing about whether the country might face financial risks similar to those that led to Greece’s debt crisis
The introduction of dual pricing in leva and euro is progressing smoothly and, in some cases, even ahead of the planned timeline in Bulgaria
Annual inflation in Bulgaria accelerated slightly in May, reaching 3.7%
E-signatures have transformed document signing, offering many benefits over traditional paper signatures.
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