The main priorities of the caretaker cabinet in the financial policy will be Bulgaria's entry into the Eurozone and the stability of public finances, caretaker Deputy Premier and Minister of Finance Lyudmila Petkova said at a briefing. It also became clear that Georgi Dimov is the new director of the National Customs Agency, replacing Petya Bankova, who is currently under investigation. Rumen Spetsov will continue to head the National Revenue Agency.
Minister Petkova stated that according to a check based on data from the Bulgarian National Bank, the fiscal reserve stands at 6.7 billion BGN (EUR 3.4 billion) as of April 8. According to information presented earlier by former Finance Minister Assen Vassilev, the fiscal reserve stood at 9.9 billion BGN (EUR 5 billion) as of March 29.
Of the money in the fiscal reserve, 4 billion BGN / EUR 2 billion/ is the Silver Fund (The State Fund for Guaranteeing the Stability of the State Pension System), and 2 billion BGN /EUR 1 billion/ are revenues for future periods, including the expected proceeds from the second tranche of the Recovery and Resilience Plan, Minister Petkova said.
The first regular direct flights between Bulgaria and the United States are expected to begin in April 2026, Transport and Communications Minister Grozdan Karadzhov said during the national discussion “Tourism and Air Connectivity: Traditional..
Bulgaria’s National Assembly approved at second reading amendments to the Investment Promotion Act. Under the changes, the assets of the Russian company Lukoil in Bulgaria can be sold only after a decision by the Council of Ministers and following a..
Bulgaria’s Prime Minister Rosen Zhelyazkov is convening a working meeting with ministers in connection with the United States’ decision to impose sanctions on Rosneft and Lukoil. The meeting is scheduled for 11:00 a.m. on Friday. Premier Zhelyazkov..
The President of the “Renew Europe” group in the European Parliament, Valérie Hayer, called on the European Commission to urgently send a mission to..
Bulgaria could run into fuel shortages if the Lukoil Neftochim refinery stops operating, former Prime Minister and GERB leader Boyko Borissov warned on..
The Institute for Computer Science, Artificial Intelligence and Technology (INSAIT) at Sofia University ‘St. Kliment Ohridski’ has released SPEAR-1, an..
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