The Bulgarian government has announced the removal of 8 projects from the Recovery and Resilience Plan (RRP), totaling over 1 billion leva (half a billion euros). This decision was disclosed during a briefing by Deputy Prime Minister Tomislav Donchev and Finance Minister Temenuzhka Petkova at the Council of Ministers. Petkova explained that the delay in…
Eurozone nations have expressed their support for Bulgaria’s progress toward adopting the euro, as highlighted in the Eurogroup’s conclusions during the European Council meeting in Brussels. The statement noted that the next step would be to await the assessments from the European Commission and the European Central Bank (ECB). Prime Minister Rosen Zhelyazkov, speaking to…
After an extensive session in the Bulgarian National Assembly, MPs approved the state budget for 2025 following a lengthy debate and multiple votes. The budget, which does not include tax increases, projects a deficit of 3% of GDP and allows for new government debt of up to BGN 18.9 billion. Revenues are set at BGN…
Bulgaria is fully meeting all nominal criteria required for joining the eurozone, according to Dimitar Radev, Governor of the Bulgarian National Bank (BNB). Speaking at a conference organized by “Capital” meda, Radev emphasized that active participation in the European project remained the best strategic position for Bulgaria, particularly amid growing geopolitical risks. He reassured that…
Ukraine’s GDP grew by 0.7% in February, and by 1.1% in the first two months of the year. The slightly lower start to the year reflects the uneven growth trends of the previous year. “At the same time, we are now running even slightly above our forecast for QI. The main growth drivers remain the…
The introduction of the euro in Bulgaria will not lead to changes in loan or deposit interest rates. According to experts, any claims suggesting otherwise are attempts at political manipulation and misinformation. Fixed interest rates on loans will remain unchanged after the euro is introduced, ensuring that clients will not face less favorable terms. For…
The Kyiv Investment Forum 2025 is planned to be held in Berlin in October-November. As reported by the First Deputy Head of the Kyiv City State Administration Mykola Povoroznyk, Kyiv and Berlin have concluded a memorandum on this. According to him, holding the Kyiv Investment Forum in Berlin symbolically emphasizes Germany’s solidarity with Ukraine, its…