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
European Commissioner for Innovation, Research, Culture, Education and Youth Mariya Gabriel has submitted her resignation and it has been accepted by Commission President Ursula von der Leyen, according to a Commission announcement. Earlier, the Commission announced that European Commissioner Gabriel is on unpaid leave.
Von der Leyen expresses confidence that Gabriel's experience in this and the previous European Commission will be beneficial for Bulgaria.
Maria Gabriel's sector will be taken over by von der Leyen's deputies who oversee it - Margrethe Vestager and Margaritis Schinas. Vestager will be responsible for innovation and research, and Schinas for education, culture and youth.
Today, Bulgarian President Rumen Radev handed the first exploratory mandate to form a government to the candidate for Prime Minister Mariya Gabriel, representing the GERB-SDS coalition.
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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
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