Bulgaria risks losing its top chess player, Nurgyul Salimova, amid an ongoing institutional dispute in the country’s chess administration. The controversy centers on the existence of two rival federations and the […]
Month: June 2026
Bulgaria Plans Defence Spending Increase to 5% of GDP by 2035
The Bulgarian government has approved a national plan to gradually increase defense spending to 5% of GDP by 2035, according to the Council of Ministers. The decision was […]
Why Coffee in Central Sofia Costs More Than in Italy and Cologne
Coffee pricing patterns in Sofia are raising questions about how Bulgaria’s hospitality sector compares with established European markets, particularly in high-traffic tourist zones such as Vitosha Boulevard. In […]
Bulgaria Aims to Emulate Poland’s Economic Success and Boost Foreign Investment
Bulgaria is seeking to deepen economic ties with Poland and attract more Polish investment, with Deputy Prime Minister and Minister of Economy, Investments and Industry Alexander Pulev stating that Sofia […]
Economist Warns Bulgaria’s Inflation Could Reach 8% as Deficit Pressures Mount
Economist Preslav Raykov warned that inflation in Bulgaria could accelerate to around 8% in the coming months, while stressing that the country must quickly bring its budget deficit below 3% after […]
Alibegov Claims Targeted Campaign Against Bulgarian Black Sea Resorts Despite Rising Tourist Numbers
The chairman of the Bulgarian Association of Restaurants, Richard Alibegov, said on Bulgarian TV that a targeted negative campaign is being conducted against Bulgaria’s Black Sea resorts, arguing […]
Finance Minister: Bulgaria Not Alone as Several EU and Eurozone States Face Excessive Deficit Procedure
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 Union’s excessive deficit procedure should not […]
While Europe Faces a Housing Crunch, Bulgaria Stands Out for Making Better Use of Living Space
Bulgaria is among the European countries where residential space is used most efficiently, according to recent Eurostat data. While many parts of Europe face growing pressure from housing […]
Bulgaria’s Finance Minister Donev Presents 2026 Budget With 5.7% Deficit and Broad Revenue Measures
Finance Minister Galab Donev presented Bulgaria’s draft 2026 state budget, setting a deficit at 5.7% of GDP, or about 7.2 billion euros, and outlining a series of fiscal and structural measures […]