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
In a statement that underscores the United States' keen interest in Bulgaria's political landscape, US Ambassador Kenneth Merten expressed disappointment at the failure of negotiations to form a government in the country. Ambassador Merten's remarks come amid ongoing discussions among Bulgarian political factions aimed at resolving the deadlock and establishing a functioning administration.
"We are disappointed that efforts to form a government have failed," Ambassador Merten stated, emphasizing the US's stance of non-interference in Bulgaria's internal political processes. Despite this setback, he highlighted the country's progress over the past nine months, expressing optimism that Bulgaria will continue its development trajectory once a new government is in place following the upcoming elections.
While refraining from direct involvement in Bulgaria's domestic affairs, the US has consistently encouraged dialogue and collaboration among political stakeholders to achieve a constructive solution. Ambassador Merten reiterated the importance of maintaining Bulgaria's alignment with the European Union and NATO, asserting that the country's established institutions will uphold its commitments on the international stage.
"There is no reason not to be optimistic about Bulgaria," Ambassador Merten affirmed, emphasizing the nation's integral role within the European and transatlantic communities. Despite the current impasse, he expressed confidence in Bulgaria's ability to uphold its strategic partnerships and contribute positively to regional stability.
The Ministry of Foreign Affairs (MFA) of Bulgaria has announced ongoing efforts to secure safe departure options for Bulgarian citizens currently residing in Syria and wishing to leave
Otar Berdzenishvili, the Georgian Ambassador to Bulgaria, has announced his resignation in response to the Georgian government's decision to freeze EU membership talks
President Rumen Radev of Bulgaria has reaffirmed his country’s commitment to enhancing cooperation between the European Union and Vietnam
Joana Kehlibarova has been officially appointed as the Honorary Consul of Australia to Bulgaria
The UAE Embassy in Sofia, alongside Bulgaria's Ministry of Foreign Affairs, hosted a celebration of 33 years of diplomatic ties between the United Arab Emirates and Bulgaria
During a meeting with U.S. Department of Homeland Security (DHS) Assistant Secretary for International Affairs Adam Hunter, Acting Prime Minister Dimitar Glavchev discussed Bulgaria's progress towards joining the U.S. Visa Waiver Program
Bulgaria Ranks Second in the Balkans at Paris 2024 Olympics, 26th Overall
Bulgaria Leads Europe in Heat-Related Deaths in Record-Breaking 2023