Bulgaria Warned: Gasoline Could Hit €1.50 if Oil Reaches 100 Dollars per Barrel
In Bulgaria, fuel industry experts warn that if oil prices reach USD 100 per barrel, gasoline at the pump could exceed €1.50 per liter.
Bulgaria Drops 8 Projects from Recovery Plan Worth Over 1 Billion Leva
- Tweet
Send to Kindle
Tomislav Donchev
The Bulgarian government has announced the removal of 8 projects from the Recovery and Resilience Plan (RRP), totaling over 1 billion leva (half a billion euros). This decision was disclosed during a briefing by Deputy Prime Minister Tomislav Donchev and Finance Minister Temenuzhka Petkova at the Council of Ministers.
Petkova explained that the delay in implementing the RRP is now undeniable, with less than 18 months remaining until the plan's deadline. She stressed the importance of maintaining public financial stability and avoiding funding these projects from the state budget, which could negatively impact the 2026 national budget. Any expenses that would affect the budget would also influence the deficit for 2026, which is significant in light of the European Commission's and the European Central Bank's convergence reports for Bulgaria's eurozone membership.
Donchev outlined that eight projects, worth 1 billion and 20 million leva, could not be completed by August 2026. However, he mentioned that alternatives for financing a large portion of these investments were being explored. He also pointed out that 22 other projects are at risk, with a total value nearing 2 billion leva.
The Deputy Prime Minister noted that these projects will be given a few more weeks to show progress. If there is visible mobilization and a chance for completion by next August, they will remain in the plan; otherwise, they will also be dropped. The progress of these projects will be monitored closely, with daily updates. Notably, no investment processes have been initiated for the 8 discarded projects, and half of them haven't even reached the stage of public procurement procedures.
Furthermore, Donchev emphasized that in recent discussions with the European Commission, there was agreement on the reforms related to the second payment under the RRP. He clarified that even if all the investments are not completed, Bulgaria could still receive more funds than it can invest in the limited time remaining if the country successfully implements the necessary reforms.
Related Articles:
Bulgaria Friday Forecast: Sunshine in the West, Clouds and Light Rain in the East
On Friday, March 6, Bulgaria will experience varying weather across its regions. In the eastern part of the country, skies will remain mostly cloudy, with light rain possible in some areas during the afternoon
Only in Bulgaria: Children’s Fractures Treated with Pizza Cardboard
In Razlog, medical staff faced two unusual cases within a single week, where broken limbs of young children were immobilized using cardboard instead of proper splints.
Tour Operators Allege Preferential Evacuations from Dubai as Bulgarians Remain Stranded
The Association of Tour Operators and Travel Agents “Future for Tourism” (OBT) has urged the authorities to ensure equal treatment of Bulgarian citizens awaiting evacuation from Dubai
Google Street View Cars Return to Bulgaria, Covering 20,000 km Across Cities and Roads
Google Street View cars are back on Bulgarian roads, starting a new mapping tour that will span from March 5 until the end of October.
Society | March 5, 2026, Thursday // 15:48
Bulgaria Tops EU Unemployment Rankings with Record Low 3.1% in January
Unemployment across the euro area reached a new historic low in January 2026, easing to 6.1% from 6.2% in December 2025, according to Eurostat. At EU level, the jobless rate also edged down, standing at 5.8% compared with 5.9% a month earlier.
Society | March 5, 2026, Thursday // 15:31
Bulgaria Completes Euro Transition Period, Euro Circulation Fully Secured
Bulgaria has effectively completed the transition period for adopting the euro, though formal legal adoption remains pending
Central Bank Chief: Euro Adoption Successful, Growth Steady, Inflation Easing in Bulgaria
Bulgarian National Bank Governor Dimitar Radev took part in a meeting of EU Heads of Mission held under the European Presidency of the Republic of Cyprus
87% of Leva Withdrawn as Over €7.5 Billion Circulates in Bulgaria
As of February 27, 2026, the withdrawal of leva banknotes and coins and their replacement with euro cash is proceeding under the established legal framework and operational plans, the Bulgarian National Bank (BNB) reported.
Bulgaria’s External Debt Surges to Over €25 Billion
Bulgaria’s external debt reached just over €25.37 billion at the end of 2025, Acting Finance Minister Georgi Klisurski reported
Bulgaria: Caretaker Cabinet Approves Amendments to Budget Extension Law
At a session of the Council of Ministers, the government approved a draft law amending and supplementing the existing budget extension legislation, the acting Minister of Finance Georgi Klisurski announced.
Bulgaria’s Inflation Aligns Closely with Eurozone Average
The Coordination Center for the Euro Adoption Mechanism held its regular briefing yesterday, highlighting that the process of adopting the euro in Bulgaria is progressing smoothly. One of the central points of discussion was the current inflation situatio
