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
Mairead McGuinness, the European Commissioner for Financial Stability, Financial Services, and the Capital Markets Union, is set to embark on a consequential two-day working visit to Bulgaria, as confirmed by the press service of the European Commission's Representation in Bulgaria.
Scheduled for Monday, McGuinness has a series of crucial meetings lined up with prominent Bulgarian officials, including Prime Minister Nikolay Denkov, Deputy Prime Minister and Foreign Minister Mariya Gabriel, Finance Minister Assen Vassilev, and Energy Minister Rumen Radev. These discussions will encompass various significant aspects related to finance, the European Union, and Bulgaria's integration processes.
Furthermore, McGuinness, alongside Prime Minister Denkov and Minister Vassilev, will convene for a media briefing at the Council of Ministers, providing insights into the visit's discussions and objectives.
Continuing her visit into the second day, McGuinness will visit the Kapitan Andreevo - Kapakule border checkpoint, situated on the Bulgarian-Turkish border, emphasizing the importance of border security and cooperation. Later in the day, she will engage with representatives from the financial technology (FinTech) sector, addressing the evolving financial landscape.
This visit underscores the significance of collaboration between the European Union and Bulgaria in financial matters, border control, and technological advancements.
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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