"Bulgaria needs to defend an active position regarding the EU fiscal rules reform which appears to be gaining momentum. As a country with one of the best debt-to-GDP ratios, it should receive support and not be penalized, if within one year the budget deficit is slightly above 3% of the GDP", caretaker Deputy Premier for EU Funds Management Atanas Pekanov said in an interview with Investor.bg.
“Say that, for instance, Bulgaria‘s deficit is slightly over 3%, but its government debt accounts for 25% of its GDP. In this case, the country should not be in a worse position than a country in which the deficit is 1% of the gross domestic product, but the government debt is 140% of the GDP", Atanas Pekanov said.
Citizens should remain calm about the introduction of the euro in Bulgaria from January 1, 2026, as the Bulgarian National Bank and commercial banks are ready for all processes related to the currency conversion and distribution of euro banknotes. This..
Bulgaria’s Ministry of Finance has published the draft state budget in euros for 2026. The country’s GDP is projected to reach EUR 120.1 billion, with an economic growth rate of 2.7%. Planned revenues amount to EUR 51.436 billion, or 42.8% of GDP...
In 2024, 8.2% of people aged 18 or over who declared to be at work (either employed or self-employed) in the EU were at risk of poverty, according to data from Eurostat, cited by the BNR's Horizont channel. In Bulgaria, this share reached 11.8%. The..
Rain
Cloudy
Scattered showers
Overcast, rain