Bulgaria Nears Completion of Leva Withdrawal as 81% Taken Out of Circulation
As of February 6, 2026, Bulgaria continues to make steady progress in withdrawing the national currency, the leva, from circulation.
The political landscape in Bulgaria witnessed a significant upheaval as the pro-Russian party "Vazrazhdane" (Revival) took decisive action in response to a rift within its ranks. The party announced the expulsion of three deputies from its parliamentary group following their support for Tsvetomir Petrov in the election for the chairman of the Sofia Municipal Council.
Party leader Kostadin Kostadinov addressed reporters at the parliament, revealing that MPs Ivo Ruschev, Alexander Arangelov, and Nikolay Drenchev were ousted from the party for failing to uphold political accountability. Their decision to prioritize financial incentives over the party's honor and mission prompted their expulsion.
Kostadinov expressed disappointment over the actions of the three deputies, emphasizing the repercussions for the party's integrity. He underscored that the Sofia organization of "Vazrazhdane" demanded political responsibility from those who endorsed the municipal councilors, leading to the decision to exclude the MPs from the parliamentary group.
The leader highlighted the party's stance on political accountability, noting that the expelled deputies chose to retain their parliamentary positions instead of resigning. By taking decisive action, the party aims to uphold its commitment to voters and demonstrate that betrayals will not be tolerated.
During consultations with President Iliana Yotova, "Greatness" party leader Ivelin Mihaylov emphasized the urgent challenge facing the caretaker government: halting ongoing harmful processes and initiating a positive recovery.
At a meeting held at GERB’s headquarters, party leader Boyko Borissov met with British Ambassador to Bulgaria, H.E. Nathaniel Copsey, to discuss issues of regional security, the strategic partnership between Bulgaria and the United Kingdom, and the import
Outgoing Bulgarian Defence Minister Atanas Zapryanov confirmed that the Bulgarian Army is in the process of transitioning to NATO-standard weapons, a step aimed at modernizing its arsenal.
During consultations at the presidency, President Iliana Yotova welcomed representatives of the "Morality, Unity, Honor" (MECH) party, including party leader Radostin Vassilev, MECH parliamentary group chairman Kiril Veselinski, and MPs Krasimir Manov and
During consultations with President Iliana Yotova on the appointment of a caretaker prime minister, the Alliance for Rights and Freedoms (APS) clearly expressed its position that Andrey Gyurov, the agreed deputy governor of the Bulgarian National Bank (BN
The civil association BOEC has announced the alleged discovery of a site linked to the Russian private military company Wagner near the Bulgarian village of Kladnitsa in Pernik region.
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