Fourteen Charged Over Sofia Protest Clashes, Majority Remain in Custody
Fourteen people have been formally charged for their role in the violence that broke out during the December 1 protest in central Sofia
Bulgaria's FinMin Simeon Djankov has promised a long-anticipated boost of funds for education. Photo by Sofia Photo Agency
Bulgaria's government has been giving too much money for the security sector, and too little for, and that is bound to change in 2012, Finance Minister Simeon Djankov has promised.
"The major focus of the 2012 Budget Act will be the redistribution of funds from the security sector, which includes the Interior Ministry, the intelligence services, and the State National Security Agency DANS, towards science, education, and culture," Djankov pledged speaking for Nova TV Tuesday morning.
He reminded that Bulgaria paid about 4% of its GDP for security and defense, while the average EU figure for this sector is 1.5%.
"We are paying more for security than the other European states, and less for education and science, while it needs to be the other way around," Djankov commented.
The Finance Minister further said the National Revenue Agency had accelerated its work in the past two months, and was expected to reach its tax collecting targets by the end of 2011.
Djankov also confirmed that a team of the Finance Ministry is investigating if there is a cartel agreement between Bulgaria's three major mobile phone operators M-Tel, Globul, and Vivacom – that keeps high the prices of mobile phone conversations, and that any evidence found will be submitted to the Competition Protection Agency.
In Bulgaria, the common perception that investing is reserved for the wealthy remains widespread, but recent analysis by Freedom24 shows that households can begin investing with modest amounts of 50–100 BGN (approximately €25–50) per month
The euro has been in use since 1999 as a non-cash accounting unit and since 2002 as physical currency.
Pension insurance contributions will not increase in 2026, while pensions themselves will be updated from 1 July under the Swiss indexation formula, resulting in an expected rise of 7–8%.
The digital euro is a crucial tool for strengthening Europe’s financial and strategic independence and will complement physical cash amid the rapid digitalisation of payments.
With two months left until the end of the year, the collection of some of the main taxes is significantly lagging behind the targets set in the budget.
Beginning on January 1, 2026, Bulgaria will adopt the euro as its official currency
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence