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 lawmakers during parliamentary oversight in the National Assembly. According to Donev, it has become clear that Brussels will move forward with the procedure because of Bulgaria’s net spending levels in 2025.

By the end of May 2026, Bulgaria’s budget balance under the consolidated fiscal program is projected to show a deficit of around 2.5 billion euros, equivalent to roughly 2 percent…

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…

Il deficit della Bulgaria ben oltre la soglia del 3 per cento. Dombrovskis: "Proporremo di aprire la procedura"

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…

Deputy Prime Minister and Finance Minister Galab Donev rejected claims that Bulgaria had manipulated data in order to qualify for eurozone membership, telling lawmakers during a…

Prime Minister Rumen Radev said in Montenegro that the European Commission’s move toward an excessive deficit procedure represents a clear judgment on previous governments that…

Bulgaria nu va putea evita procedura de deficit excesiv (EDP) pe care Comisia Europeană se pregăteşte să o aplice, le-a spus parlamentarilor bulgari Galab Donev, vicepremier şi…

The European Commission is preparing to launch an excessive deficit procedure against Bulgaria, according to official Commission documents. Alongside the fiscal warning, Brussels…