Petar Vitanov, MP from "Progressive Bulgaria" stated that Bulgaria has now officially entered an excessive deficit procedure, adding that this requires urgent fiscal adjustments and institutional responses. Speaking to journalists in the National Assembly, he said the parliamentary group of “Progressive Bulgaria” will reopen the rules of procedure of the 52nd National Assembly in order to introduce a freeze on MPs’ remuneration.

At the opening of a Council of Ministers meeting, Prime Minister Rumen Radev announced that the European Commission is expected to initiate an excessive deficit procedure against…

Former Finance Minister Asen Vassilev said Bulgaria’s current fiscal situation was predictable, arguing that warnings about breaching the deficit threshold were ignored during the…