Bulgaria's Borissov: 'I'll Be Prime Minister Again-Whenever I Want'
GERB leader Boyko Borissov made a characteristically self-assured statement in Parliament, declaring that he would return to the prime minister’s post “whenever he wants”
The Value Added Tax, VAT, on medications in Bulgaria will not be eliminated or lowered, Deputy Prime Minister and Finance Minister, Simeon Djankov, firmly declared.
The Minister spoke for the Bulgarian National Radio, BNR, Friday, saying he "was not inclined to lower VAT on medications because Bulgaria has a State policy of low taxes without differentiation."
"We saw what happened when the cabinet of the former Tsar and Prime Minister, Simeon Saxe-Coburg, established a different tax for hotels – prices did not go down, but people from and close to the then government built their own hotels," said Djankov.
The idea to lower VAT on medications was supported one day earlier by Health Minister, Stefan Konstantinov, and the right-wing Blue Coalition.
However, the Chair of the Parliamentary Budget Committee, Menda Stoyanova, from the ruling, center-right Citizens for European Development of Bulgaria party, GERB, rejected the proposal, saying it will not lower legal drugs prices, but will rather only lead to increase of other taxes.
As Bulgaria moves steadily toward joining the eurozone on January 1, 2026, following unanimous support from eurozone finance ministers and heads of state in June 2025, waves of disinformation continue to circulate
One of the most debated topics around Bulgaria’s upcoming transition from the lev to the euro is whether the country is giving up its sovereignty
Recent analysis by the financial portal "Moite pari" indicates that interest rates on bank deposits are starting to climb, particularly noticeable among smaller banks over the past year
Inflation in Bulgaria recorded a slight uptick in May 2025
Bulgaria has secured an additional 300 million leva in debt from the domestic market, according to the results of the latest government securities auction held by the Bulgarian National Bank (BNB)
In April 2025, Bulgaria recorded a current account deficit of 724.9 million euros, marking the largest monthly shortfall since January 2022
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