Bulgaria: Household Incomes Grow Faster Than Spending in Late 2025
Average household income per person in Bulgaria grew more strongly than spending during the last quarter of 2025, according to data from the National Statistical Institute.
The political party "There Is Such a People" (TISP), currently the sixth-largest in the National Assembly, held consultations with President Rumen Radev regarding the formation of a new government. TISP had been part of the previous governing coalition under Prime Minister Rosen Zhelyazkov, together with GERB and “BSP – United Left.”
President Radev opened the meeting by thanking TISP for attending despite the ongoing political turbulence in parliament. “I am fully aware that the National Assembly is currently a more eventful place than these consultations. I appreciate your presence,” Radev said, inquiring about the party’s next political moves.
TISP representatives, however, stated that pursuing a new government reconfiguration within the 51st parliament would not be reasonable. Toshko Yordanov, speaking for TISP, highlighted that recent constitutional changes, pushed through by WCC-DB with GERB and Delyan Peevski’s DPS, created an unfavorable situation for their party. “We opposed these changes and challenged them twice in the Constitutional Court. Despite our efforts, this is the reality we face now,” he said.
On the budget, Yordanov clarified that only the extension budget would be voted on in parliament. He emphasized that the TISP’s initial parliamentary vote to include the previous budget as an item was intended to demonstrate to citizens who opposed it. “WCC-DB has tried to evade responsibility, using public protests as justification,” he added.
Regarding amendments to the Electoral Code, Yordanov criticized last-minute proposals aimed at influencing upcoming elections. He stressed that TISP had proposed changes earlier in a calm political environment, which had passed initial readings and committees, and called on other parties to support these reasonable proposals rather than adopting “patchwork” amendments close to elections.
Under Bulgarian procedure, President Radev will continue consultations with parliamentary groups before issuing three consecutive mandates to form a new government. The first mandate is given to the largest parliamentary group, GERB. If that attempt fails, the second mandate goes to WCC-DB, and the third is assigned to a formation of the president’s choice. Should all three efforts be unsuccessful, the president dissolves parliament, appoints a caretaker cabinet, and schedules new elections within two months.
Former President Rumen Radev expressed sharp criticism of the newly announced caretaker cabinet under Prime Minister-designate Andrey Gyurov, describing it as a “party cabinet” and urging the public to closely monitor its actions and the upcoming early pa
"The list of ministers will be made up of people with experience, expertise and decency." That was Andrey Gyurov's benchmark when he was named Bulgaria's next caretaker prime minister. A look at the names he announced shows this description largely holds
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According to the latest nationwide survey by the sociological agency "Myara", if parliamentary elections were held in mid-February, voter participation would reach 51.5 percent, translating into the involvement of roughly three million voters.
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