Finance
News on banks, loans, the state budget, financial institutions, tax policy, and capital markets.
UBB extends free BGN deposits into accounts until the end of September
United Bulgarian Bank is extending the period for depositing BGN into accounts without fees until the end of September. See the current exchange data and the options available to customers.
Rumen Radev: Budget 2027 focuses on reducing deficit and borrowing
Prime Minister Rumen Radev called for a responsible debate on the budget, promising financial discipline and a review of expenditures to avoid the populism of previous administrations.
Government approves draft budget: Galab Donev expects serious debate
The Council of Ministers has approved the draft state budget law. Finance Minister Galab Donev reported an increase in maintenance costs of over 1.34 billion euros and called for a responsible discussion in parliament.
Extraordinary Meeting of the NCTC: Budget 2026 and Protests in Front of the Council of Ministers
The National Council for Tripartite Cooperation is discussing the 2026 draft budgets against the backdrop of trade union protests against the budget update for the current year.
Technical error in the budget: Galab Donev corrects salaries and expenses
Finance Minister Galab Donev is correcting budget errors in the Supreme Judicial Council and state regulators. Starting in August, a salary cap will be introduced for state-owned enterprises.
Radev Cabinet's 2026 Budget Sparks Heated Disputes in Parliament
The opposition attacks the budget with a 5.7% deficit, while the ruling party defends it as realistic. Disputes arise over reforms, spending, and economic policy.
Prime Minister Radev: The budget of reality and an end to absurd spending
Prime Minister Rumen Radev announced a new management approach: from halting corruption schemes and cutting unnecessary expenses to introducing discipline in the 2026 Budget.
Galab Donev: Budget 2026 is being prepared with realistic measures and a strict schedule
Finance Minister Galab Donev announced that the preparation of the 2026 Budget is on track, with the goal of submitting the bill to the National Assembly by the end of June.
Bulgaria's Fiscal Stability: Experts Discuss Challenges Facing the State
The Fiscal Council of Bulgaria is organizing a key conference on fiscal consolidation. Experts from the BAS, UNWE, and Sofia University are analyzing the sustainability of public finances in uncertain times.
Bulgaria faces challenge over 2-euro coin featuring the Bulgarian alphabet
A eurozone country has filed an objection against the design of the first Bulgarian commemorative 2-euro coin featuring the Bulgarian alphabet. The BNB has confirmed that the procedure is ongoing.
State raises debt ceiling by 3.8 billion euros for RRP payments
Finance Minister Galab Donev justified the need for an urgent increase in the new government debt limit in 2026 to ensure pre-financing of projects under the Recovery and Resilience Plan.
Parliamentary committee approves new €3.8 billion debt: "Blank check" or financial stability?
The Budget Committee has approved at first reading a bill allowing for state debt of up to €3.8 billion for 2026. Finance Minister Galab Donev defended the measure as necessary for the pre-financing of the Recovery and Resilience Plan, while the opposition called it a "blank check."
The new EU budget 2028-2034: Bulgaria at the center of European security
Meglena Plugchieva outlined the new EU priorities: competitiveness, defense, and connectivity. How will 2 trillion euros change regional infrastructure and energy?
Rumen Radev: The excessive deficit procedure is an assessment of the government's performance so far
President Rumen Radev commented on the upcoming excessive deficit procedure against Bulgaria, pointing out systemic errors in public finance management and "hidden payments".
Galab Donev: Long-term measures needed to control the budget deficit
Deputy Prime Minister Galab Donev insists on sustainable budget reforms, rejecting one-off solutions. See what the plans for the deficit are and when a new budget is expected.