Bulgaria is the country with the highest inflation in the eurozone for the past month and with a deficit exceeding the permitted 3% – exactly what I warned about
Brand-name goods, premium brands, organic products, and locally produced items.
For April, the budget deficit has been reduced to zero, so no funds from the Fiscal Reserve will be used to cover it. This was announced by acting Finance Minister Georgi Klissurski
Bulgaria is not automatically at risk of an excessive deficit procedure, but faces a real risk of entering a corrective procedure if it fails to adhere to the set expenditure trajectory
Funds for the Investment Program for Municipal Projects, as well as for the renovation of residential buildings (or so-called energy-efficient renovation), are earmarked and secured
The American AES Galabovo Thermal Power Plant is already preparing to cease operations on May 8 – when its contract with the state for the purchase of energy at fixed prices expires
The €1.4 billion returned to the state budget by the Bulgarian Development Bank (BDB) could be used for pensions, salaries, and investments
Bulgaria ended 2025 with a deficit well outside the European rules on fiscal discipline, which require it to be no more than 3% of gross domestic product (GDP)
Caretaker Prime Minister Andrey Gyurov announced plans to withdraw €1.4 billion from the Bulgarian Development Bank (BDB), characterizing the funds as “locked up” assets
Limiting public spending, reducing the budget deficit and maintaining low taxes in Bulgaria. These are some of the measures outlined in the program of “Progressive Bulgaria
