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Bulgaria
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Thursday, September 10, 2026
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A new law introduced by the cabinet of Prime Minister Rumen Radev has abolished crucial safeguards for consumers taking out fast loans, with a case highlighting a borrower owing double the initial amount in just four months. This legislative change has drawn criticism and raised concerns about predatory lending practices.
Meanwhile, the municipality of Sofia is poised to decide today on a record-breaking new debt of up to 367 million euros. This comes as the National Revenue Agency announced it would begin monitoring income from cryptocurrency transactions, signaling new economic oversight.
The education crisis remains a top concern, with PISA results now being framed as a threat to national security, prompting the Ministry of Education to propose new disciplinary measures for students. In the political sphere, a protest has been organized in defense of journalist Georgi Angelov, while President Iliana Iotova's initiative committee faces scrutiny over the inclusion of former State Security collaborators.
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Top Stories
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A new law from the cabinet of Prime Minister Rumen Radev has removed crucial consumer safeguards for fast loans, leading to concerns about borrowers facing significantly increased debts. President Iliana Iotova's administration is reportedly preparing legislation to address high interest rates.
Mediapool:
New Law by Radev's Cabinet Abolishes Key Protections for Fast Loans
A new law from the Radev cabinet has removed crucial safeguards for consumers taking out fast loans, with a case highlighting a borrower owing double the initial amount after just four months.
OFFNews:
Loan sharks are expensive. Radev prepares law for higher interest on fast loans
President Radev is preparing a law to address high interest rates on fast loans, as current loan sharks are deemed too expensive.
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A protest is being organized in front of the Bulgarian National Television (BNT) to support journalist Georgi Angelov, who was recently taken off air, and to advocate for the independence of the public broadcaster.
OFFNews:
Protest organized in defense of Georgi Angelov in front of BNT
A protest is being organized in front of the Bulgarian National Television (BNT) in defense of Georgi Angelov and for the independence of BNT.
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The political landscape is stirred by reports of 14 former State Security (DS) collaborators being part of President Iliana Iotova's initiative committee. Political analyst Dimitar Ganev also offered insights into the strategies of Boyko Borissov and the GERB party, while police searched a long-serving GERB mayor.
Sega:
14 DS Collaborators in Yotova's Initiative Committee
It is reported that 14 individuals who collaborated with the former State Security service (DS) are part of the initiative committee for Yotova.
Mediapool:
Dimitar Ganev: Borissov Hid GERB, But Had No Useful Move
In an interview, political analyst Dimitar Ganev from Trend discusses the political strategies of Boyko Borissov and the GERB party.
Sega:
Police Search Long-Serving GERB Mayor
Authorities are conducting a search of a long-serving mayor affiliated with the GERB party.
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The National Revenue Agency (NAP) has announced it will commence monitoring income derived from cryptocurrency transactions, marking a new step in financial oversight.
Sega:
NAP Will Now Monitor Cryptocurrency Income
The National Revenue Agency (NAP) has announced it will begin monitoring income generated from cryptocurrency transactions.
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The Bulgarian government has secured an exemption from European Union sanctions on deliveries to Russia, specifically for the operational needs of the Kozloduy Nuclear Power Plant.
Mediapool:
Government Exempted from EU Restrictions on Deliveries to Russia for Kozloduy…
The Bulgarian government has obtained an exemption from EU sanctions regarding deliveries to Russia, specifically for the needs of the Kozloduy Nuclear Power Plant.
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The Bulgarian company EnduroSat has announced plans to launch satellites using rockets provided by a French company, marking a significant development in the country's space technology sector.
Sega:
Bulgarian EnduroSat to Launch Satellites with French Rockets
The Bulgarian company EnduroSat has announced plans to launch satellites using rockets provided by a French company.
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Daily news summaries from Bulgaria
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