Borissov Loses Patience: Political Bargaining Over Key Positions and Budget 2025
"Everyone wants positions – in regulatory bodies and ministries," he emphasized.
File photo, BGNES
Surplus money registered in the current account balance for the first half of 2016 will be invested into regions that are less developed economically, Bulgaria's Prime Minister Boyko Borisov said on Saturday.
He made the announcement while meeting mayors from three northeastern Bulgarian regions.
He added some projects that are "vital for mayors and the improvement of lives of people" would be funded by the surplus.
Borisov said the northwestern area of the country (which is the EU's poorest region), the so-called "mixed regions" (much of southern and northeastern Bulgaria) and Hemus motorway would be funded as a priority.
The construction of Hemus was marked by scandals related to its tender procedure.
But the motorway is crucial for the development of Bulgaria's north which lags behind the south in terms of economy and infrastructure.
From February 1, 2026, Bulgaria officially completes its transition to the euro, which now serves as the country’s sole legal currency.
Bulgaria is facing rising living costs, with service prices still climbing, according to economists. Authorities have already flagged the most frequent violations of the Law on the Euro since the start of the year, largely in the form of unjustified incre
Bulgaria is moving forward with the transition to the euro, preparing to produce its first euro banknotes under the quota assigned by the European Central Bank.
Bulgaria is set to issue a new batch of government bonds, with the Ministry of Finance confirming preliminary terms for an upcoming auction through the Bulgarian National Bank
The consolidated fiscal program (CFP) for 2025 closed with a deficit of BGN 6,828.3 million (approximately EUR 3.49 billion), representing 3.1 percent of the projected gross domestic product.
Over the past two years, Bulgaria has imported coins from Estonia totaling 70.15 million euros
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