"Whatever the budget is, things will be difficult," caretaker Minister of Agriculture Yavor Gechev told BNR. "Whether the deficit is 3% or 6%, the money will not be enough to implement policies to catch up with Europe," Gechev added.
"The budget reflects the rise in social spending. The figures show that the deficit will be 6.4%. Everything is in the hands of the MPs; they are elected to make the specific decisions," Gechev also said.
A new loan from the International Monetary Fund is a very extreme scenario, just a hypothesis. We are very far from that, Deputy Prime Minister for European funds, Atanas Pekanov, told Nova TV.
Translation: Al. Markov
In the second quarter of 2025, Bulgaria recorded the second-highest GDP annual growth in the European Union with a rise of 3.4% compared to the same period last year, according to Eurostat data. Compared to the previous quarter of 2025, Bulgaria..
Bulgaria’s state budget for 2025 does not add up. “The genie is out of the bottle – the state has never spent at such a pace,” warn financial experts. With only a few months left in the year, and despite the strenuous efforts of institutions such as the..
Bulgaria’s state gas supplier Bulgartransgaz has been “decapitalised” by a contract with Turkish company Botaş, Energy Minister Zhecho Stankov warned on Thursday, saying the deal could also threaten gas supplies to local district heating companies...
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