Send to Kindle
Plamen Oresharski, Bulgarian Prime Minister in the Socialist-endorsed Cabinet, photo by BGNES
The planned budget update is going to be voted Monday at an emergency sitting of the Bulgarian Cabinet.
Finance Minister Petar Chobanov has already said that despite the new loan of BGN 1 B, there are no projected increases of the minimum monthly wage or the so-called Christmas bonuses for the retirees.
He, however, did not exclude the possibility to seek ways to secure the above. Members of the Parliament from the left-wing Bulgarian Socialist Party, BSP, have commented before bTV that "the action plan" for the next 6 months might be ready as early as July 26.
The update and the half-year action plan come on the backdrop of peaceful, but mass and relentless protest rallies against the Socialist-endorsed government of Prime Minister, Plamen Oresharski.
BSP is holding a National Council sitting on July 26 when its members will be informed about the intentions of the government.
A number of economic experts in the country have blasted the plan as well.
Sergey Stanishev announced his candidacy for the leadership of the Bulgarian Socialist Party (BSP), emphasizing his desire to restore purpose and political direction to the party
Finance Minister Temenuzhka Petkova has revealed that Bulgaria's deficit for the first quarter of 2025 is projected to reach 3.684 billion leva
Kristian Vigenin, MEP and Vice-Chairman of the Bulgarian Socialist Party (BSP-United Left), stated that there is no formal coalition in the current government led by GERB's Rosen Zhelyazkov
The political parties "Movement 21" and "Bulgarian Spring" have announced their decision to leave the Bulgarian Socialist Party ("BSP - United Left") coalition
On Thursday, Rosen Zhelyazkov made his second attempt in six months to form a government
GERB has released the coalition agreement it signed with BSP-United Left and "There is Such a People" (TISP), outlining their commitment to anti-corruption measures, judicial reforms, and ensuring fair elections
The request for a convergence report to join the eurozone will be made after February 18, once the draft State Budget is submitted
Bulgaria will request a convergence report from the European Commission regarding its readiness to join the Eurozone once the country fulfills the price stability criterion
The Bulgarian government has effectively abandoned its plan to enter the eurozone on January 1, 2026
The adoption of amendments to the Law on the Bulgarian National Bank (BNB), crucial for Bulgaria's entry into the eurozone, was unexpectedly blocked in parliament as the ruling GERB party withheld its support
The President of the European Parliament, Roberta Metsola, highlighted Bulgaria's progress toward adopting the euro as its primary currency, describing it as "one step away"
At the Sofia Economic Forum V, experts expressed strong support for Bulgaria's potential membership in the eurozone, predicting significant positive impacts on investor confidence
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability
