Bulgaria recorded the lowest unemployment rate in the European Union in May, with just 2.9% of the labor force out of work, according to the latest figures released by the European Statistical Office. The result placed Bulgaria ahead of every other EU member state, while unemployment across the broader eurozone remained unchanged at 6.2% and…
The Council of Ministers has approved the draft state budget for 2026, with Finance Minister Galab Donev saying the proposal now moves to the National Assembly for detailed debate and amendments, where he expects “serious, responsible and meaningful work” on its final shape. Presenting the main parameters after the cabinet meeting, Donev said discussions with…
The Bulgarian government presented its draft budget for 2026 on June 24, setting a deficit of 5.7% of GDP, the highest figure in three decades, and immediately drew fire from opposition parties who accused the Cabinet of repeating the same fiscal practices it once condemned. Deputy Prime Minister and Finance Minister Galab Donev outlined the…
Bulgaria recorded an annual inflation rate of 6.3% in May, according to revised data from Eurostat using the Harmonized Index of Consumer Prices (HICP). The figure marks the highest level since September 2023 and places the country among the top inflation performers in the European Union, second only to Romania, which posted 9.7%. Lithuania follows…
Bulgaria ranks 35th out of 40 countries in the 2026 Wealth of Nations Index (WNI), remaining the lowest-ranked EU member state, according to data cited by the Institute for Market Economy (IME). The country recorded 546 points, an increase of 13 points compared to the previous year, but its overall position remained unchanged. Despite the…
The parliamentary Budget and Finance Committee has approved the government’s proposal to raise the national debt ceiling to 3.8 billion euros. The measure passed with 13 votes in favor, three against, and five abstentions. During the discussion, Deputy Prime Minister and Finance Minister Galab Donev defended the proposal, linking the increase to upcoming obligations under…
The summer 2026 tourist season on Bulgaria’s Black Sea coast has been officially launched in Sozopol, with Tourism Minister Ilin Dimitrov and the city’s mayor Tihomir Yanakiev taking part in a ceremonial opening held on the Central Beach. Speaking during the event, Dimitrov said the season is expected to broadly match last year’s performance, stressing…