Deputy Prime Minister and Finance Minister Galab Donev has said Bulgaria will have to take on new debt of up to €3.8 billion, describing the measure as unavoidable given current fiscal pressures and urgent state obligations.

The Bulgarian government is preparing a series of fiscal measures aimed at containing the budget deficit, including a higher debt ceiling, changes to pension indexation rules, and…

Deputy Prime Minister and Finance Minister Galab Donev has warned that Bulgaria’s public finances are facing a significantly worse-than-expected position, citing a projected…

Deputy Prime Minister and Finance Minister Galab Donev has said Bulgaria will have to take on new debt of up to €3.8 billion, describing the measure as unavoidable given current…

Bulgaria is facing a new round of fiscal scrutiny from Brussels after the European Commission concluded that the country is on course to breach the EU’s budget deficit rules and…