Bulgaria’s Euro Transition: Opportunity for Growth Shadowed by Debt and Spending Concerns
Bulgaria is poised for a likely credit rating upgrade in the coming weeks, driven by its impending adoption of the euro
Bulgaria has approved humanitarian aid amounting to 929,019 leva to support Ukraine, Syria, Lebanon, Afghanistan, Iraq, and Armenia. This assistance will be offered as voluntary contributions through international organizations, as confirmed by a recent government decision.
The funds are designated for several prominent humanitarian agencies, including the United Nations Office for the Coordination of Humanitarian Affairs, UNICEF, the International Committee of the Red Cross, the International Organization for Migration, the United Nations High Commissioner for Refugees, and the World Food Program. Financial support for these contributions will come from the budget of Bulgaria’s Ministry of Foreign Affairs, specifically allocated for development and humanitarian aid.
This aid aligns with Bulgaria’s priorities outlined in its Medium-term Program for Development Assistance and Humanitarian Aid for 2020-2024. The program emphasizes responding to urgent humanitarian needs, particularly those arising from armed conflicts and natural disasters, following fundamental humanitarian principles.
Bulgaria's Council of Ministers affirmed the country’s commitment to joining EU and international community efforts in tackling global humanitarian challenges, signaling continued solidarity and support for those affected by crises worldwide.
Defense Minister Atanas Zapryanov announced that Bulgaria plans to raise its defense budget to 5% of GDP
The proposals of “Spasi Sofia” to reorganize several public transport lines in the capital have passed through the municipal Transport Committee and are now set for a final vote in the City Council on Thursday.
President Rumen Radev has urged for caution amid the growing instability in the international arena, warning that Bulgaria must avoid being drawn into escalating global conflicts
Bulgarian Foreign Minister Georg Georgiev firmly rejected the idea that the European Parliament has any authority to speak on matters of national identity or language
Bulgaria’s entry into the eurozone is expected to bring clear economic advantages, but it also carries risks that go beyond the often-discussed topics in public discours
Defense Minister Atanas Zapryanov and Energy Minister Zhecho Stankov moved to reassure the public on Monday, stating firmly that Bulgaria faces no direct threat - military or energy-related - following the escalation of hostilities between Israel and Iran
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
Bulgaria's Mortality Rate Remains Highest in Europe