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 Minister of Transport of North Macedonia, Aleksandar Nikoloski, expressed frustration over the lack of response from Bulgaria regarding the construction of a railway line. According to Nikoloski, North Macedonia has sent over 15 letters to Bulgaria, but has received no reply. He criticized Bulgaria for avoiding meetings, suggesting that this reluctance reflects negatively on the project’s future. "It is fair to meet and let us know. The fact that they are avoiding meeting with us speaks volumes about the fate of the project. Deeds are on our side, words are on theirs," Nikoloski said in an interview on MRT 1.
Nikoloski also confirmed that North Macedonia had received a draft agreement for joint construction from Bulgaria. The government quickly reviewed the draft, setting up a working body with transport and finance ministers, along with the railway director, to discuss it. However, Nikoloski noted that the agreement contains controversial points that require further discussion with Bulgaria.
One significant issue raised by Nikoloski is Bulgaria’s decision not to restore the railway lines from Sofia to Pernik, nor the stretch from Pernik to Gyueshevo, which is supposed to be part of the second phase of the project. North Macedonia is reluctant to invest in a line that ultimately ends in a tunnel. The Sofia-Skopje railway is part of European Transport Corridor No. 8, which aims to link the Black Sea with the Adriatic Sea.
Prime Minister Rosen Zhelyazkov made a notable visit to the Vatican ahead of Bulgaria’s May 24 celebrations
Bulgarian MP Stanislav Balabanov from the “There Is Such a People” (TISP) party raised concerns on Thursday about an upcoming report in the European Parliament
Elisaveta Belobradova, a member of parliament from "We Continue the Change-Democratic Bulgaria" (WCC-DB), released the full content of her written inquiry to the Ministry of Education and Science (MES)
In April 2025, a serious cybersecurity breach targeted Bulgaria’s Permanent Representation to NATO, according to Ivaylo Mirchev, an MP from the “We Continue the Change–Democratic Bulgaria” coalition
The Russian Foreign Ministry has launched a sharp attack against Bulgarian institutions, accusing them of launching a targeted campaign against Russian language teachers
GERB leader Boyko Borissov has revealed that during his recent visit to Istanbul, he raised the issue of the gas transmission contract with Turkish President Recep Tayyip Erdogan
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