Bulgaria will apply for a EUR 500 million loan to maintain employment. The money is expected to be allocated this year. Application under the SURE instrument is being studied, mostly to finance the 60/40 wage support scheme. The total budget of SURE instrument is to the tune of EUR 100 billion and EU members can receive funding under this instrument to implement national measures aimed at maintaining employment. The terms of the loan are expected to be extremely favorable. It is impossible to predict whether Bulgaria will have to issue government bonds on the international capital market due the unpredictability of the Covid-19 pandemic and the economic consequences, the Bulgarian Ministry of Finance notes.
The National Assembly has rejected President Rumen Radev's veto on changes to the State Intelligence Agency Act (SIA) and the State Agency Technical Operations (SATO) Act, according to BNR reporter Maria Fileva. The changes strip the president of the..
Bulgaria wants to continue investing in nuclear energy after more than 50 years of experience in the sector, Energy Minister Zhecho Stankov said on Wednesday. About 70% of Bulgarians support the move, Stankov told a Bulgarian-Korean energy..
The Russian oil company Lukoil has announced that it has accepted an offer from the Swiss Gunvor Group to acquire the international assets of LUKOIL International GmbH . Lukoil's subsidiary owns all of the group's assets abroad. Lukoil has..
Bulgaria’s draft social security budget indicates that the minimum wage from 1 January 2026 will be lower than the level set out in the Labour Code ,..
The necessary net monthly income for subsistence for a worker living alone in September 2025 is 1,547 leva (748 euros) . For a three-member family with a..
Bulgaria’s Vertical Gas Corridor project is on track for completion by the end of 2026 , according to Energy Minister Zhecho Stankov, who stressed that..
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