PM Zhelyazkov and EU Council President Costa Push for Enhanced Bulgarian Defense Capabilities
Prime Minister Rosen Zhelyazkov, alongside European Council President Antonio Costa, visited the Arsenal military plant in Kazanlak
Bulgarian National Bank (BNB) Governor Dimitar Radev expressed support for the National Assembly’s decision regarding the request for an extraordinary convergence report on Bulgaria’s admission to the eurozone. In an interview with BTA, Radev confirmed that the request would be signed "without a doubt."
He also commented on the recent controversy surrounding claims by the “Revival” party about a secret mission of the International Monetary Fund (IMF) in Bulgaria. On February 17, “Revival” leader Kostadin Kostadinov and several party deputies entered the BNB building, seeking a meeting with Radev to verify whether IMF representatives had been invited to the country. Radev refused the meeting, describing their actions not as a genuine attempt at discussion but as a political maneuver directed at the wrong institution. He emphasized that such actions had no place in the BNB.
Radev also addressed the central bank’s review of the draft State Budget Law for 2025, stating that while the BNB would provide its comments to the Ministry of Finance, these would not be publicly disclosed. He noted that the exception made with the caretaker government’s draft was due to the inclusion of highly unacceptable provisions that directly impacted the BNB. However, he pointed out that such provisions were not present in the current draft.
Regarding the financial contributions of the BNB, Radev announced that the central bank would contribute nearly 800 million leva to the state budget for 2025. Of this amount, 550 million leva would come from the bank’s surplus revenues over expenditures, while the remainder would be sourced from interest payments to the budget.
He reiterated that the concerns over the IMF mission had already been clarified in statements from both the Ministry of Finance and the IMF itself, dismissing the allegations as unfounded.
Bulgaria anticipates favorable outcomes from the upcoming reports by the European Commission (EC) and the European Central Bank (ECB) on its euro adoption
A month after Bulgaria receives approval to join the eurozone, all traders are required to display prices in both leva and euros
The International Monetary Fund (IMF) has revised its forecast for Bulgaria’s economic growth, predicting a slowdown to 2.5% in 2025
Following its earlier confirmation of Bulgaria's credit rating at Baa1, Moody's has revised the outlook for the country's banking sector from stable to positive
Cryptocurrency has become a significant part of the financial world, but as it grows, so do the questions about Know Your Customer (KYC) requirements.
Macroeconomist Stoyan Panchev, an analyst from the Expert Club for Economics and Politics, warned that Bulgaria could face significant challenges if it rushes into joining the eurozone
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase