Caretaker Minister of Finance Lyudmila Petkova defended the parameters of the 2025 draft budget before the members of the National Assembly Committee on Budget and Finance. Minister Petkova explained that the 2025 Budget reflects the policies of recent years. Although the expenditures significantly exceed the revenues by 18 billion BGN (EUR 9.2 billion), the caretaker government submitted a budget with a deficit of 3% of the GDP, Lyudmila Petkova said. She reminded that the implementation of the National Recovery and Resilience Plan will end in mid-2026.
So far, Bulgaria has received two payments under the Recovery and Resilience Plan, totaling 2.7 billion BGN (EUR 1.38 billion), while 7.8 billion leva (EUR 3.99 billion) are yet to be received. According to her, the main problem of the plan is its wrong overall philosophy. "From the very beginning, the plan included difficult reforms that cannot be implemented", said Minister Petkova, noting that other EU member states included such difficult reforms at a later stage, reported BGNES. Lyudmila Petkova emphasized that Bulgaria is the only country that has not adopted the RePowerEU chapter. She also noted that the gray economy in Bulgaria is over 32% of the GDP, while in Croatia and Romania it is 28% of the GDP. According to her, "chaotic policies and legislation have been adopted in the country in recent years".
Bulgaria is among the leading participants in FITUR 2025 – one of the largest and important international tourism fairs, which is taking place in Madrid, Spain, from January 22 to January 26. The event brings together representatives..
On Wednesday in the morning hours when temperatures will be slightly below zero, there will be conditions for black ice to form. The lowest temperatures will be between minus 4 and 1°C; in Sofia it will be around minus 2°C. Before..
The new Minister of Foreign Affairs of Bulgaria, Georg Georgiev, has held his first telephone conversation with the High Representative of the European Union for Foreign Affairs and Security Policy Kaja Kallas. Georgiev pointed out..
Captain Lyubomir Chanev and chief mate Danail Veselinov returned to Bulgaria. They were held captive by Yemen's Houthis for 430 days. The Galaxy Leader..
Bulgaria’s Minister of Finance Temenuzhka Petkova said that she is concerned about the current state of the country’s finances, which,..
"I categorically want to put an end to all insinuations that Bulgaria is abandoning its goal of joining the Eurozone within the next year", said..
+359 2 9336 661