The Council of the European Union has formally confirmed the European Commission’s decision from early June to place Bulgaria under an excessive deficit procedure, urging the country to take corrective fiscal measures to curb rising public spending. The decision was published in the Official Journal of the EU, according to the Council’s statement.

Deputy Prime Minister and Finance Minister Galab Donev defended the government’s position on Bulgaria’s public finances, arguing that the country’s placement under the European…

The Council of the European Union has formally confirmed the European Commission’s decision from early June to place Bulgaria under an excessive deficit procedure, urging the…

Consiliul Uniunii Europene a confirmat oficial decizia Comisiei Europene din iunie de a plasa Bulgaria sub procedura de deficit excesiv (EDP), cerând