Bulgaria Advances Eurozone Integration with Instant Payment System
The process of introducing the euro in Bulgaria is advancing, with the implementation of the Eurosystem’s TIPS (Target Instant Payment Settlement) service playing a central role
"Part of the Russian propaganda in Bulgaria is the suggestion that Bulgarians are second-class citizens of the EU. With our entry into Schengen, this would change," said Finance Minister Asen Vassilev in an interview with the newspaper Die Welt.
According to Vassilev, it is economically unprofitable for Central and Western Europe for Bulgaria and Romania to be outside the zone without border control.
"Every day, 4,000 trucks cross the Bulgarian-Turkish border in the direction of Western Europe, but stay for days at the future internal border with Romania. This makes the transported goods more expensive," Vassilev explains.
The EU must develop a system for the legal reception of migrants and the evaluation of the workers it needs, the finance minister added.
Asen Vassilev also told Die Welt that the 20 percent additional tax imposed on Russian gas transit through Bulgaria will reduce Gazprom's profit and make supplies more expensive, which in turn will make importing Russian gas unprofitable for countries like Austria and Hungary.
This morning, the United States Army carried out its scheduled transfer of forces at the Novo Selo Training Area (NSTA)
In recent months, Bulgarian politics have been marked by tension and instability, fueled by the deepening rifts between key political figures and parties
Bulgaria has decided to provide additional military aid to Ukraine, as confirmed by the latest meeting of the caretaker government led by Dimitar Glavchev
Caretaker Prime Minister Dimitar Glavchev has announced a request to the Ministry of Finance to ensure that defense spending exceeds 2% of Bulgaria’s gross domestic product (GDP)
Caretaker Prime Minister Dimitar Glavchev emphasized that the adoption of the national budget remains a top priority for Bulgaria
In Bulgaria, the political climate remains tense as parties struggle to form a stable coalition following parliamentary elections
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