Finance
News on banks, loans, the state budget, financial institutions, tax policy, and capital markets.
EU Funds: Bulgaria on the Brink of €3 Billion – What's Next?
Atanas Pekanov announced: The stakes are €3 billion in the next three months! See what reforms are delaying the funds and when we expect payments.
Galab Donev discussed Bulgaria's fiscal consolidation with the EC in Nicosia
Deputy Prime Minister Galab Donev held key meetings in Cyprus regarding the 2026 budget and Bulgaria's fiscal stability following its successful accession to the eurozone.
Parliament updates the State Financial Inspection Act due to the euro
Members of Parliament adopted in two readings amendments to the State Financial Inspection Act related to the introduction of the euro. Fines and pecuniary sanctions are now fixed in the European currency.
Galab Donev: Putting an end to 'state troughs' and capping administrative salaries
Deputy Prime Minister Galab Donev announced radical measures in the 2026 budget – an end to automatic salary increases, a cap on remuneration, and optimization of the administration.
Bulgaria joins the European Stability Mechanism
The caretaker government is submitting the ESM treaty for ratification. The cabinet is allocating 22 million euros for kindergartens in Sofia, Plovdiv, Varna, and Burgas.
Fiscal reserve and deficit: Is there a risk to public finances by the end of the year?
Caretaker Finance Minister Georgi Klisurski reassured that the 6.8 billion euros available in the fiscal reserve are sufficient to cover all expenses until a regular budget is adopted.
Klisurski: Bulgaria May Request 1.1 Billion Euros from the RRF if the National Assembly Passes Law
Interim Finance Minister Georgi Klisurski announced that Bulgaria may request an additional 200 million euros from the Recovery and Resilience Plan (RRP), bringing the total to 1.1 billion euros. This depends on the adoption of a bill by the 52nd National Assembly to restore the Commission for Countering Corruption (CPC). In addition, Klisurski commented on the cabinet's measures against high prices, including aid of 20 euros for the most needy.
BNB Releases Silver Coin for the 150th Anniversary of the April Uprising: Price, Mintage, and Where to Buy
The Bulgarian National Bank (BNB) is issuing a silver collector's coin dedicated to the 150th anniversary of the April Uprising. The coin has a face value of 10 euros, a price of 144 euros, and a mintage of 5,000 pieces. Learn more about the design, where you can buy it, and purchase restrictions.
100 Days Since Bulgaria Adopted the Euro: Christine Lagarde Marks the Occasion
ECB President Christine Lagarde marked 100 days since Bulgaria joined the Eurozone with a social media post, highlighting the growth of the euro from 2002 to the present day.
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.