Bulgaria Faces Monthly Losses of 50 Million Euros Due to Lukoil Export Ban, Says Ex-Energy Minister

Former Energy Minister Alexander Nikolov has warned that Bulgaria could face substantial economic losses due to the recent parliamentary decision to ban Lukoil from exporting diesel and aviation fuel. Speaking on bTV, Nikolov emphasized the...

Bulgaria to participate again in Eurovision Song Contest in 2026

Bulgaria is to participate in the prestigious Eurovision Song Contest, which will celebrate its 70th edition in 2026. The return is part of the Bulgarian National Television’s efforts to promote Bulgarian culture and talent to an international...

Central Bank Deputy Chief: The Ruling Coalition Should Avoid Tax Hikes to Protect Bulgaria’s Economy

Deputy Governor of the Bulgarian National Bank Petar Chobanov has urged the ruling coalition not to raise taxes, warning that such a move would place unnecessary strain on the economy and local businesses. In an interview with BNT, Chobanov...

Christine Lagarde: The euro adds to, rather than takes away from, Bulgaria's sovereignty

Bulgaria has come a long way, many reforms have been carried out, many laws have been passed. The euro is the beginning of the journey, not the end goal. This was stated by the President of the European Central Bank (ECB) Christine Lagarde in...

Bulgaria restricts oil exports, explores sanctions exemption

Bulgaria is introducing a temporary restriction on the export and intra-EU sale of petroleum products, primarily diesel and jet fuel. The move comes after the US imposed sanctions on the Russian oil company Lukoil, which owns Bulgaria’s largest...

Bulgarian Schools to Ban on Mobile Phones as of January

A ban on the use of mobile phones in schools is expected to come into force in January 2026 with the conclusive adoption of amendments to the Preschool and School Education Act, Education and Science Minister Krasimir Valchev said on Monday in the...

BNB Governor Radev Says Bulgaria’s Accession to Eurozone Is Historical Inevitability

Addressing the high-level conference “Bulgaria on the Doorstep of the Eurozone” in Sofia, Bulgarian National Bank (BNB) Governor Dimitar Radev said that Bulgaria’s accession to the euro area was a historical inevitability, as the country was one...

IMF Managing Director Georgieva Urges Bulgaria to Sustain Growth Beyond Euro Adoption

Addressing the high-level conference “Bulgaria on the Doorstep of the Eurozone” in Sofia on Tuesday, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said that although adopting the euro is an important step, it does not in...

IMF’s Georgieva: From January 1, Bulgaria Joins Eurozone Decision Table with Full Rights

IMF Managing Director Kristalina Georgieva said that from January 1 Bulgaria will have full participation in eurozone decision-making, emphasizing that the country’s success will depend on maintaining discipline and sound policies. Speaking at the...

Lilyana Pavlova: The Euro Marks a New Strategic Stage for Bulgaria and Europe

“Bulgaria is ready for the euro. Today’s event marks not only the conclusion of a long process but also the beginning of a new strategic stage for both Bulgaria and Europe.” This was stated by Lilyana Pavlova, former Minister of Regional...

President Radev Hands National Flag to 34th Bulgarian Antarctic Expedition

President Rumen Radev presented the national flag to members of the 34th Bulgarian Antarctic Expedition at a ceremony held in the Coat of Arms Hall of the President's Administration on Tuesday. The flag was accepted by the leader of the...

Two Massive Kangals Tear Man’s Leg in Bulgarian Village

A 91-year-old resident of the village of Plazishte, located in the Dzhebel region, was hospitalized after being attacked by two Kangal dogs, according to information from the Kardzhali Regional Directorate of the Interior Ministry, cited by BTA....

€10.5 Billion Debt Bomb: Bulgaria's First Euro Budget Triggers Fierce Backlash

Bulgaria has published its draft state budget for 2026, marking a historic milestone as the country's first budget calculated entirely in euros before it enters the eurozone on January 1st, 2026. However, the landmark document has been met with...

Kristalina Georgieva: From January 1, Bulgaria Will Have Full Decision-Making Rights in the Eurozone — Discipline Is Key

“What matters most for Bulgaria is discipline — maintaining strong macroeconomic indicators. Sound monetary policy is a prerequisite for convergence with the eurozone. The responsibility that comes with adopting the euro means Bulgaria’s voice in...

Dombrovskis: It is crucial for Bulgaria to stay on the right economic path – fiscal stability and low debt-to-GDP ratio

This was stated by European Commissioner Valdis Dombrovskis at the conference "Bulgaria on the Threshold of the Eurozone," held in Sofia, BGNES reports. “The context is complex—the world is fragmented and more conflictual. It is even more...

Bulgaria to Raise Second-Year Maternity Allowance to 450 Euros, Incentives for Early Return to Work Introduced

Minister of Labor and Social Policy Borislav Gutsanov has announced that the maternity allowance in the second year will be increased to 900 leva (450 euros), following revisions to the State Social Security budget for next year. The changes are...

Bulgaria Moves to Suspend Some Fuel Exports to EU

(MENAFN) Bulgaria has moved to partially restrict fuel exports to fellow EU members, citing supply and national security risks after fresh U.S. sanctions hit Russia’s energy giant Lukoil. The measures come as Washington last week blacklisted...

Christine Lagarde: The Euro Will Bring Bulgaria Prosperity and Security

European Central Bank President Christine Lagarde said that Bulgaria’s accession to the eurozone would bring both prosperity and security to the country. Speaking in an exclusive interview with NOVA ahead of her visit to Sofia for the Bulgarian...

A European Parliament committee will monitor road safety in Bulgaria

The European Parliament’s Committee on Petitions (PETI) has decided to monitor the state of road safety in Bulgaria. The decision came after hearing a petition submitted by Rosalina Gadyuchkova, a Bulgarian citizen living in the United Kingdom....

Bulgaria suspends fuel exports to EU after US sanctions Lukoil

Bulgaria has temporarily suspended exports of petroleum products to European Union countries after the United States imposed sanctions on Russian oil giant Lukoil, the Bulgarian state news agency BTA reported on October 31. The National Assembly...