The English Premier League Cup to Visit Sofia on February 25
The English Premier League Cup, one of the most prestigious trophies in football, will make its way to Bulgaria
Bulgaria risks losing at least 2 billion leva (1 billion euros) in European funding due to the National Assembly's failure to approve amendments to the Recovery and Sustainability Plan, along with the new chapter and updated roadmap for climate neutrality. Acting Deputy Prime Minister and Finance Minister Lyudmila Petkova warned at a media briefing following the Council of Ministers meeting that the worst-case scenario could see the country losing several billion levs, forcing the national budget to cover the shortfall.
Petkova explained that Bulgaria is still on its second payment under the plan and cannot request subsequent installments without completing the required investments. There is also a risk that the country might have to return part of the funds from the first payment.
The changes to the Recovery and Resilience Plan must be submitted by mid-October to avoid losing the funding, as the European Commission and Council require time for internal approval, which could take up to two months.
Petkova noted that the potential loss of EU funds is not accounted for in next year’s draft budget, but acknowledged that it could jeopardize the fiscal sustainability criteria needed for the introduction of the euro. She added that while the impact on fiscal sustainability is uncertain, it poses a significant risk that could affect the overall budget.
In Krivodol, a municipality in Northwestern Bulgaria, local authorities are taking steps toward the eurozone transition well ahead of the February 20 deadline
Boyko Borissov, leader of GERB, defended the government’s progress on Bulgaria’s path to the eurozone
Bulgaria could adopt the euro as its official currency from January 1, 2026, if it successfully meets the necessary criteria for joining the eurozone
The municipal councils in Kozloduy and Krivodol have become the first in Bulgaria to implement dual pricing for municipal services, taxes, and fees
Bulgaria’s draft budget for 2024 raises questions about its realism and whether it is a mere strategy to appease the European Commission and the European Central Bank
Parvomay Municipality in Bulgaria has become one of the first to prepare for the country’s euro adoption
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability