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…

The government is warning of a record budget deficit and signaling possible fiscal tightening measures, as officials and experts debate the scale of Bulgaria’s public finance…

Bulgaria will not be able to avoid the excessive deficit procedure that the European Commission is preparing to launch, Deputy Prime Minister and Finance Minister Galab Donev told…