Bulgaria’s 2026 Budget Stays Unchanged After GERB Meets Unions
Bulgaria’s ruling party does not plan to alter the proposed state budget for 2026, following a meeting between union leaders and GERB chairman Boyko Borissov
Outgoing cabinet ministers, L to R: Temenuzhka Petkova (energy), Ivelina Vasileva (environment), Lilyana Pavlova (regional development). Photo: GIS
Ministers from the biggest party in Bulgaria's outgoing government lashed out at the leading opposition force on Monday after the latter alleged the European Commission planned to freeze millions worth of funding allocated to the country.
Their comments followed an official announcement from EU Regional Policy Commissioner Corina Cretu, who used Twitter to downplay the socialist opposition's claims.
No decision taken/planned re #erdf & #cohesion funds in #Bulgaria. Implementation in Bulgaria is running according to plans.
— Corina Creţu (@CorinaCretuEU) January 21, 2017
At an emergency briefing of the cabinet, three outgoing ministers - of regional development, energy, and environment - reiterated that Bulgaria ranks as one of the most successful countries by absorption of funding.
Bulgaria has been made fun of three times as the EU Commission has refuted the Bulgarian Socialist Party (BSP)'s claims of problems with absorption, Regional Development Minister in resignation Lilyana Pavlova is quoted as saying in a press statement.
All three ministers gave accounts on transactions recently made by their institutions and other developments, including payments to foreign-owned thermal power plants and energy consumption during the winter.
Outgoing Prime Minister Boyko Borisov also slammed BSP lawmakers, arguing they seek to "prepare the society" for a scenario of EU funding being frozen if they form a government after the snap election.
"The European Commission has said outright there is no stoppage of funding... from now they are preparing public opinion [to think] that if this happens, it will be our fault."
Since Borisov's government resigned in November, Bulgaria has been in an unofficial election campaign, with his GERB party and the BSP trading barbs and damaging allegations for more than two months.
A snap election, however, is not due before the end of March.
The absorption of EU funding, which has aided the growth of Bulgaria's economy for years, has been one of the milestones of GERB's two unfinished government terms, with Borisov arguing his cabinets create the stability needed for the proper use of cohesion and regional development money.
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Brussels has unofficially warned Bulgaria’s Finance Minister Temenuzhka Petkova that the country’s euro adoption process could be suspended, according to BGNES, citing Nova TV.
"Everyone wants positions – in regulatory bodies and ministries," he emphasized.
Bulgaria’s toll system now has the technical capability to track average vehicle speeds, as announced by the National Toll Management following a meeting with Regional Development Minister Violeta Koritarova.
The income required to cover living expenses for a working individual and a three-member family with a child under 14 has remained almost unchanged compared to June, according to an analysis by the Confederation of Independent Trade Unions in Bulgaria (CI
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