Caretaker Minister of Finance Lyudmila Petkova defended the parameters of the 2025 draft budget before the members of the National Assembly Committee on Budget and Finance. Minister Petkova explained that the 2025 Budget reflects the policies of recent years. Although the expenditures significantly exceed the revenues by 18 billion BGN (EUR 9.2 billion), the caretaker government submitted a budget with a deficit of 3% of the GDP, Lyudmila Petkova said. She reminded that the implementation of the National Recovery and Resilience Plan will end in mid-2026.
So far, Bulgaria has received two payments under the Recovery and Resilience Plan, totaling 2.7 billion BGN (EUR 1.38 billion), while 7.8 billion leva (EUR 3.99 billion) are yet to be received. According to her, the main problem of the plan is its wrong overall philosophy. "From the very beginning, the plan included difficult reforms that cannot be implemented", said Minister Petkova, noting that other EU member states included such difficult reforms at a later stage, reported BGNES. Lyudmila Petkova emphasized that Bulgaria is the only country that has not adopted the RePowerEU chapter. She also noted that the gray economy in Bulgaria is over 32% of the GDP, while in Croatia and Romania it is 28% of the GDP. According to her, "chaotic policies and legislation have been adopted in the country in recent years".
The international scientific conference “Bulgarians in the Northern Black Sea Region” will be held in Sofia on October 27 and 28, 2025 in the Institute of Ethnology and Folklore with Ethnographic Museum at the Bulgarian Academy of Sciences, Prof...
The annual planned maintenance of Kozloduy NPP Unit 6 starts today and is expected to last until early December, the nuclear power plant has announced. During the shutdown, technical maintenance of the systems and facilities will be carried out,..
Saturday will start off with lows between 6°C and 11°C, dropping to around 6°C in Sofia. Skies will brighten for a time over northern Bulgaria before turning cloudy again later, with rain moving in by evening and overnight. Cloudy spells are also..
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..
The first regular direct flights between Bulgaria and the United States are expected to begin in April 2026, Transport and Communications Minister..
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