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…
Bulgarian MP from “Progressive Bulgaria” Vladimir Nikolov said that major retail chains had indicated readiness to reduce prices by around 15% following discussions with authorities and stakeholders. He stated that the sector had already presented a framework for implementing lower prices across key goods. “The chains have already come up with a plan on how…
Bulgaria ranks first in Europe when it comes to how much of a 100,000-euro annual salary employees actually keep after taxes and social security deductions, according to a comparative analysis covering 31 European countries. The study examined net income levels across all EU member states, along with the United Kingdom, Switzerland, Norway, and Turkey. It…