Finance
News on banks, loans, the state budget, financial institutions, tax policy, and capital markets.
How the Change from the Lev to the Euro Affected Prices in Bulgaria: An ECB Analysis
ECB experts analyze the impact of the euro's introduction in Bulgaria on consumer prices. The assessments indicate a limited and one-off effect, mainly in the service sector. There is no significant increase in inflation expectations.
Difficult Budget Decisions for 2026: Klisurski on Expenditure Optimization and Risks to Fiscal Position
Minister Klisurski warns of difficult budget decisions in 2026, focused on optimizing public spending. The analysis includes challenges in absorbing funds from the Recovery and Resilience Plan, as well as prospects for economic growth.
Banks' Profit in Bulgaria Rose by 8% in February, Announced BNB
The profit of banks in Bulgaria for February 2026 is 242 million euros, which is an increase of 8% compared to the previous year. The balance sheet equity and loans are also increasing. Deposits are slightly decreasing, while the liquidity buffer remains high.
BNB: War in the Middle East Threatens Bulgarian Economy with Inflation and Slower Growth
The Bulgarian National Bank (BNB) warns of negative effects from the conflict in the Middle East on the Bulgarian economy. According to forecasts, the war could lead to accelerated inflation and slower economic growth, especially in the event of unfavorable developments. The BNB has developed three scenarios, including two negative ones, to assess the potential macroeconomic consequences.
Fiscal Council: Reducing VAT on Fuels is Ineffective
Reducing VAT on fuels will not solve the problem of high prices, but will harm the budget, according to an analysis by the Fiscal Council. They point out that the main reason for the high prices is a global shock in the supply of energy resources.
Increasing the Cash Payment Limit: Benefits for Business and Harmonization with the EU
The Fiscal Council recommends raising the cash payment threshold to 10,000 euros to reduce the administrative burden on businesses, avoid an unfavorable competitive position, and align with European standards.
Government Considers Freezing Toll Fees, Inflation, and the 2026 Budget – Highlights from the Finance Minister's Interview
Minister Klisurski discussed current challenges facing the economy: a potential freeze on toll fees, dependence on fuel prices, preparation of the 2026 budget, and the risk to funds from the Recovery Plan.
BNB Releases Copper Coin for the 150th Anniversary of the Birth of Krastyo Sarafov
The Bulgarian National Bank is putting into circulation a copper collector's coin with a face value of 5 euros, dedicated to the 150th anniversary of the birth of Krastyo Sarafov. The mintage is 6,000 pieces, and the price at release is 36 euros (70.41 leva).
BNB Releases Commemorative Coin in Honor of Krustyo Sarafov: Price, Mintage, and Where to Buy
The Bulgarian National Bank (BNB) is releasing a commemorative coin dedicated to the 150th anniversary of the birth of Krustyo Sarafov. The coin, part of the "Bulgarian Creators" series, has a face value of 5 euros and a mintage of 6,000 pieces. The price is 36 euros. Discover details about the design, where and how to purchase it.
The bill on the extension of the budget was adopted at the second reading in the Committee on Budget and Finance
At the second reading, the Committee on Budget and Finance approved the bill on the extension of the budget, highlighting the risks associated with using this tool for tax policies. The proposals include financial mechanisms for municipalities, guarantees for gas infrastructure, and data exchange between banks and NAP.
Budget and Finance Committee to Hold Extraordinary Meeting Today
At the meeting scheduled for 14:00, a bill amending and supplementing the extension of the budget law will be considered. The aim is to extend its validity until the adoption of the regular State Budget Law for 2026.
The Transition to the Euro: Latest Data on Exchange, Counterfeit Banknotes, and Prices
The Chairman of the Coordination Center for the Euro Mechanism, Vladimir Ivanov, reported the latest data on the process of transition to the euro, the exchange of levs, counterfeit banknotes, and prices of goods. 89% of levs have been withdrawn, and inspections show compliance with the law by merchants.
Euro Falls to Lowest Level Since August Amid Strong Dollar and Middle East Turmoil
The euro weakens due to the strengthening of the dollar, high oil prices, and the escalating conflict in the Middle East. The currency reached its lowest level since August of last year.
Caretaker Government Aims for Fourth RRF Payment by June/July
The caretaker government is working hard with the EC to submit a request for the fourth RRF payment. A maximum of 900 million euros is expected. Deductions due to the lack of an accountability mechanism and independent members in the anti-corruption commission. Emphasis on draft laws to secure funds.
Budget and Finance Committee Adopts Rules for the Election of a BNB Deputy Governor
The Budget and Finance Committee approved procedural rules for the election of a deputy governor in charge of 'Emissions' at the BNB. The decision drew criticism from the opposition, which believes that the election should be held by the next parliament and that there should be more time for debate.