Bulgarian Prime Minister Rosen Zhelyazkov expects a positive convergence report from the European Commission regarding Bulgaria’s accession to the eurozone. The European Commission has said that it will rule on Bulgaria’s request for an ad hoc convergence report on June 4. If the Commission’s decision is positive, it will trigger a lengthy administrative procedure involving the EU Council, the European Council and the European Parliament, the Prime Minister said, talking to reporters in the village of Zagore, Stara Zagora Region, on Wednesday. The PM explained that this procedure should end…
Category: Political News
PM Zhelyazkov to Ukrainian President: Bulgaria Continues to Support Ukraine’s Efforts to Establish Just, Lasting Peace
Bulgaria continues to support Ukraine’s efforts to establish a just and lasting peace, Prime Minister Rosen Zhelyazkov said during his meeting with Ukrainian President Volodymyr Zelenskyy on Friday, as quoted by the Government Information Service. Their talks were part of a series of bilateral meetings that the Bulgarian Prime Minister held in Tirana on the sidelines of the Sixth European Political Community Summit. According to Zhelyazkov, establishing peace is not just a way to stop the war in Ukraine and restore its territorial integrity; it is a question related to…
Tourism Ministry Presents Bulgaria in Dubai at Arabian Travel Market 2025
The Tourism Ministry presented Bulgaria at the Arabian Travel Market-ATM, an international tourism exhibition in Dubai, United Arab Emirates, held from April 28 to May 1, 2025, the Ministry’s press office said on Monday. ATM is the most significant tourism event in the Middle East and North Africa region. Annually, the show brings together more than 40,000 tourism industry professionals from around the world at the Dubai International Convention and Exhibition Centre (DICEC). “Bulgaria’s participation in Arabian Travel Market 2025 is a key step in our efforts to position the…
Bulgaria Runs BGN 1.9 Bln Deficit under Consolidated Fiscal Programme in First Quarter of 2025
Revenues, aid and donations received under Bulgaria’s Consolidated Fiscal Programme in the first quarter of 2025 totalled BGN 16,834.3 million, which was 18.6% of the annual target, the Finance Ministry reported on Monday. The amount increased by BGN 1,076.5 million (6.8 %) compared with the first quarter of 2024. The increase was due mainly to a rise in tax revenues, which went up by BGN 1,598.4 million (13.3%). Non-tax revenues were close to the sum reported a year earlier, while aid and donations received decreased by BGN 700,000. Tax revenues…
PM Zhelyazkov: Bulgaria Remains Reliable Partner in Achieving EU’s Goals
Bulgaria will continue to be a constructive, predictable and reliable partner in achieving the common goals and priorities of the European Union, said Prime Minister Rosen Zhelyazkov in a statement after a meeting here Sunday with European Council President Antonio Costa. Zhelyazkov pointed out that Costa’s first visit to Bulgaria coincides with an important anniversary: 20 years since the signing of the treaty on the country’s accession to the European Union. “The signing is an important step and an achievement for the Bulgarian nation,” the Prime Minister said, pointing out…
IMF Expects Bulgaria to Join Eurozone in 2026, Says Its European Depratment Director
The International Monetary Fund (IMF) expects Bulgaria to join the euro area in 2026, IMF’s European Department Director Alfred Kammer said in response to a question from the Bulgarian News Agency during the Fund’s Spring Meetings in Washington, D.C. “The answer is definitely yes,” Kammer said when asked whether the IMF assesses as possible for Bulgaria to join the eurozone in 2026. IMF’s European Department Deputy Director Helge Berger added that the Fund is following closely this topic. “I think it is clear that Bulgaria has made major progress towards…
Justice Minister Presents Measures to Remove Bulgaria from Financial Action Task Force’s “Grey List”
Justice Minister Georgi Georgiev presented a package of measures aimed at removing Bulgaria from the Financial Action Task Force’s (FATF) so-called “grey list” of countries that have not fully implemented measures to fight money laundering, terrorism financing, and proliferation financing, the Ministry of Justice’s press office reported on Thursday. Georgiev was speaking during a bilateral meeting with experts from the FATF and the Council of Europe’s MONEYVAL Committee in Zagreb. In 2022, Bulgaria was placed on the “grey list” of countries under enhanced monitoring due to insufficient measures and unsatisfactory…
The fulfilment of the budget deficit criterion “will not be the last good news” on the road to the euro, Bulgarian National Bank (BNB) Governor Dimitar Radev said in an exclusive interview with the Bulgarian News Agency (BTA) during the 2025 Spring Meetings of the World Bank Group and the International Monetary Fund, which are taking place in Washington D.C on April 21-26. On Tuesday, official data from Eurostat and the National Statistical Institute showed that Bulgaria’s budget deficit in 2024 was 3%. This is a value that must not…
Tourism Minister Supports Blue Flag and Green Key Environmental Tourism Initiatives
Tourism Minister Miroslav Borshosh held a working meeting with the Chairman of the Board of the Bulgarian Blue Flag Movement, Stanimir Georgiev, who acquainted the minister with the organization’s national programs in the field of environmental education, the Tourism Ministry said on Thursday. The focus of the talks between the two was the initiative for environmentally friendly management of beaches and marinas, as well as sustainable methods and new technologies in the most dynamically developing sector of the Bulgarian economy, the tourist sector. Within the framework of the meeting the…
Deputy PM Donchev: Reworking of National Recovery and Resilience Plan to Be Completed within Two Weeks
Deputy Prime Minister Tomislav Donchev told a briefing on Thursday the National Recovery and Resilience Plan (NRRP) was in process of reorganization, which will be completed at the end of April. Donchev, who is also Innovation and Growth Minister, said Bulgaria has committed to revise the planned investments in the NRRP, so that only those which can realistically be implemented by August 2026 stay on. Six projects are being permanently removed from the NRRP. Some of them will be salvaged by being redirected for funding under operational programmes with a…