S&P: Bulgaria on Track to Join Eurozone in 2026 Despite Governance Shortcomings
Despite lingering issues with corruption, public procurement oversight, and energy market liberalization, Bulgaria is still expected to join the eurozone next year
The Bulgarian government has authorized Deputy Prime Minister and Minister of Transport and Communications Grozdan Karadjov to sign a contract for the acquisition of 35 single-deck, zero-emission electric trains. The agreement will be signed between the Ministry of Transport and Communications and the “BULEMU” consortium, which comprises Alstom Transport S.A. (Romania), Alstom Ferroviaria SpA, and “RVP INVEST” Ltd. This initiative is part of the National Recovery and Resilience Plan.
To optimize the use of funding from the National Recovery and Resilience Plan and to limit reliance on the state budget, an additional agreement will be signed alongside the main contract. This supplementary agreement, approved by the European Commission, stipulates that 12 of the trains—valued at 363,314,981 leva—will be financed under the National Plan. The remaining 23 units, costing 696,400,000 leva, will be financed through Bulgaria’s Social Climate Plan, as outlined in Regulation (EU) 2023/955.
As part of the financial arrangements, the Ministry of Transport and Communications will receive a temporary, interest-free loan of 278,600,000 leva. This loan will be used to cover an advance payment for the contract.
Journalist Assen Grigorov passed away following a brief illness
Dozens of schools across Bulgaria have had ties to pro-Russian organizations or have taken part in initiatives supported by Russian institutions
Several settlements in the Razgrad region and parts of the town of Tsar Kaloyan have been left without electricity following a severe storm that hit the area yesterday
The average life expectancy in Bulgaria is on the rise, reaching 75.6 years for the period 2022–2024
The unemployment rate in Bulgaria fell to 3.9% in the first quarter of 2025
This summer marks a shift in how Sofia approaches care for its youngest citizens
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