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EPA/BGNES
The European Union failed to table its EUR 200 B target to the International Monetary Fund to use as bailout for financially troubled members of the eurozone.
EU member states, including all eurozone members, plus Denmark, the Czech Republic, Denmark and Sweden managed to gather some EUR 150 B for the rescue fund.
Bulgaria was among the few countries - including also the UK, Romania and Hungary - to choose to stay out of the measure.
"Bulgaria is not a party to the Treaty establishing the European Stability Mechanism and has no financial commitments in regard to it," said the Bulgarian Ministry of Finance in an statement.
It further clarified that Bulgaria's principled position is to "not participate in the financing of programmes to support financially undisciplined countries."
At the latest European Council, however, the Bulgarian government was among those who supported the creation of a deeper Fiscal Union, aka a Reinforced Economic Union within the EU.
The UK, in the person of PM David Cameron, vehemently opposed the measures, arguing it will curb Britain's sovereignty and adversely affect the financial services sector.
The Czech Republic, Hungary and Sweden agreed in principle to the new Fiscal Union rules, but said they need further time to negotiate specifics.
Bulgaria recorded a decline in exports to European Union countries in 2025, while imports from the bloc continued to rise, according to data from the National Statistical Institute (NSI).
In the final quarter of 2025, farm gate prices for agricultural products across the European Union declined by nearly 1.9% compared to the same period in 2024, according to Eurostat
The European Court of Justice (CJEU) has ruled that Bulgaria must establish clear and effective procedures for the legal recognition of gender identity, including the ability to update personal documents such as identity cards and birth certificates.
The European Parliament has reaffirmed that North Macedonia must continue implementing the Treaty of Friendship, Good-Neighbourliness and Cooperation with Bulgaria, as well as the Prespa Agreement with Greece, in line with the EU’s Negotiating Framework
Europe would be making a strategic error if it sought to address soaring energy prices by returning to Russian fossil fuels, European Commission President Ursula von der Leyen stated on Wednesday
European Commission President Ursula von der Leyen has called the European Union’s decision to reduce its reliance on nuclear energy a strategic misstep, highlighting the bloc’s dependence on imported fossil fuels
EU countries will each have to secure guarantees worth billions of euros for the loan to Ukraine funded by frozen Russian assets, Politico’s Brussels edition reports.
Bulgaria's Minister of Defense Todor Tagarev admitted the possibility that an explosive device might have been planted on board the crashed plane in which Yevgeny Prigozhin was traveling
The European Commission has announced that it is preparing criminal proceedings against Bulgaria, Cyprus, Greece, Malta, and Portugal for incorrect application of the rules on the exchange of data on criminal records and the establishment of the relevant
The European Commission has started an evaluation of the Plan for Reconstruction and Development of Bulgaria, said the spokesman of the European Commission Eric Mamer. The document was submitted to the Commission on 15 October.
58% of Bulgarians do not support the introduction of the euro as the official currency in the country. This shows a study prepared by Trend agency specifically for the financial forum NEXT DIFI 2021, organized by b2b Media for the fifth year. The data dur
Too late Bulgaria began to explain its own position towards North Macedonia, as it should have been clear to our European partners some time ago.
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