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Bulgaria
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Thursday, September 17, 2026
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Bulgaria is set to undergo increased monitoring by the European Commission after Prime Minister Rumen Radev announced the country is entering a procedure for an excess budget deficit. The Prime Minister also projected the 2026 deficit to be well above 3%. This announcement has sparked debate, with former Finance Minister Simeon Dyankov agreeing that Bulgaria should apologize to Brussels for inaccurate deficit figures, while the GERB party has accused the government of inflating the 2025 budget deficit, potentially harming Eurozone entry prospects.
In a significant economic boost, Bulgarian space technology company EnduroSat has successfully raised $205 million in a funding round, marking the largest such investment for a Bulgarian company to date. Domestically, new PISA 2025 results indicate that 30% of students consider school unproductive and highlight a considerable achievement gap between wealthy and poor students, prompting the Ministry of Education to propose new disciplinary policies. Meanwhile, the prosecution has concluded a new case against a figure referred to as the 'Bulgarian Escobar', and a parliamentary committee has approved a new law for fast loans.
Developments in the ongoing 'Petrohan' case include a psychologist's refusal to withdraw despite prosecution requests, and a Minister's allegation of state agency protection for criminals involved. Additionally, the Minister of Regional Development and Public Works, Ivan Shishkov, stated that the Sofia ring road is expected to be completed within three years, and the Bulgarian national volleyball team achieved a historic victory over Poland at EuroVolley.
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Top Stories
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Bulgaria is entering an 'excess deficit' procedure, subjecting it to increased EU monitoring, as Prime Minister Rumen Radev announced the 2026 deficit is projected to be 'well above 3%'. Former Finance Minister Simeon Dyankov suggests an apology to Brussels for inaccurate 2025 deficit figures, while the opposition GERB party accuses the government of inflating the deficit, potentially jeopardizing Eurozone entry.
Mediapool:
Dyankov: Radev is right, Bulgaria should apologize to Brussels for inaccurate…
Former Finance Minister Simeon Dyankov stated that President Radev is correct in suggesting Bulgaria should apologize to Brussels for providing inaccurate deficit figures for 2025, a sentiment also echoed by GERB who accuse the government of inflating the deficit.
Mediapool:
GERB accuses Radev's cabinet of inflating 2025 deficit at the expense of the…
The GERB party has accused the current government of artificially inflating the budget deficit for 2025, which they claim will negatively impact Bulgaria's prospects of joining the Eurozone.
Mediapool:
Radev: The deficit in Budget 2026 will be 'well above 3%'
President Rumen Radev has stated that the budget deficit for 2026 is projected to exceed 3% of GDP, indicating potential fiscal challenges.
Mediapool:
Prime Minister announced that Bulgaria is entering a 'excess deficit' and…
The Prime Minister has officially announced that Bulgaria is being placed under a procedure for an excess budget deficit and will be subject to increased monitoring by the European Commission.
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Bulgarian space technology company EnduroSat has successfully raised $205 million in a new funding round, marking the largest investment of its kind for a Bulgarian company.
Capital:
EnduroSat Raises $205 Million in Largest Round for Bulgarian Company
Bulgarian space technology company EnduroSat has successfully raised $205 million in a funding round, marking the largest such round for a Bulgarian company to date.
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The prosecution has finalized a new legal case against an individual widely referred to as the 'Bulgarian Escobar', indicating ongoing efforts in combating organized crime.
Sega:
Prosecution concludes new case against 'Bulgarian Escobar'
The prosecution has finalized a new case against an individual referred to as the 'Bulgarian Escobar', indicating ongoing legal developments.
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Members of the economic committee in the Bulgarian parliament have given their initial approval to a new law regulating fast loans.
Capital:
Parliamentary Committee Approves New Fast Loan Law
Members of the economic committee in the Bulgarian parliament have approved a new law for fast loans on first reading.
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Minister of Regional Development and Public Works, Ivan Shishkov, announced that the construction of the Sofia ring road is anticipated to be completed within the next three years.
Mediapool:
Shishkov: Sofia's ring road should be completed within 3 years
Minister Shishkov stated that the construction of the Sofia ring road is expected to be completed within the next three years.
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Daily news summaries from Bulgaria
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