In December this year the Ministry of Finance will have covered the last of the criteria for accession to the Eurozone – inflation, said caretaker Deputy PM and Minister of Finance Lyudmila Petkova. Two weeks after fulfilling it, Bulgaria will ask for a new assessment, she added.
At a briefing, Minister Petkova presented the results of an analysis of the public revenues and expenditures for the 2022-2044 period, which indicates that expenditures outpace revenues.
Lyudmila Petkova also announced that at the Consultative Council on National Security, convened by the president, the question was raised of defence spending reaching 2.5% of the Gross Domestic Product of the country. However, she declined to comment on the working parameters of the budget for next year so as to prevent any speculation regarding the budget.
“Bulgaria’s defence industry is renowned for its quality and enjoys an excellent international reputation. This offers great opportunities for close cooperation with Vietnam in the security sector,” President Rumen Radev said during a visit to the..
The Council of Ministers has proposed transferring vehicles from the National Security Service (NSO) to the Presidential Administration through a legislative change, Bulgaria National Radio reporter Tsvetelina Stoyanova reported. This would not put a..
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..
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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