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Bulgaria
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Saturday, November 07, 2026
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Deputy Prime Minister and Minister of Finance Galab Donev has acknowledged a plan to withdraw funds from contributions intended for second pensions and has signed a letter to the European Commission regarding these funds. This development comes after the government had previously reversed a stance on seizing second-pillar pension funds. Bozhidar Bozhanov, Co-chair of Yes, Bulgaria, reportedly caused a stir by revealing the letter.
The government of Prime Minister Rumen Radev has presented the draft 2027 national budget, which forecasts a 3.5% deficit, a reduction of 5000 positions, and measures to control salary increases. The budget also includes new social benefits and a plan to increase all insurance thresholds. Opposition parties, including GERB–SDS, Democratic Bulgaria, Vazrazhdane, and Movement for Rights and Freedoms, have sharply criticized the proposed fiscal framework, describing it as inflationary and warning of increased public debt.
In other developments, judges are currently voting to elect six new members to the Supreme Judicial Council, a crucial step for judicial reform. A drone found near the Shabla coast has been identified as a Russian Geran-2 and was detonated by the military, though Tourism Minister Ilian Dimitrov stated the incident has not harmed the country's tourism reputation. Additionally, Bulgargaz is demanding that Toplofikatsia Sofia settle an outstanding debt exceeding 900 million euros.
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Top Stories
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Deputy Prime Minister and Minister of Finance Galab Donev has acknowledged a plan to withdraw funds from contributions intended for second pensions and has signed a letter to the European Commission regarding these funds. This development follows earlier reports of the government reversing its stance on seizing second-pillar pension funds. Bozhidar Bozhanov has reportedly caused a stir by revealing this letter.
Sega:
Glavb Donev signed the letter to the EC for the money for the second pension
Former Bulgarian Prime Minister Galab Donev has signed a letter to the European Commission regarding funds for a second pension. This action is a significant development in the country's pension policy and financial planning.
Mediapool:
Pressed, Galab Donev admits plan to take from second pension contributions
Under pressure, caretaker Prime Minister Galab Donev has acknowledged a plan to withdraw funds from contributions intended for second pensions.
OFFNews:
Bozhidar Bozhanov upsets Galab Donev, produces letter to EC on second pension…
Bozhidar Bozhanov has reportedly caused a stir with Galab Donev by revealing a letter sent to the European Commission concerning Bulgaria's second pension pillar.
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Prime Minister Rumen Radev's government has presented the draft 2027 national budget, forecasting a 3.5% deficit, a reduction of 5000 positions, and measures to control salary increases. The budget also includes new social benefits and a plan to increase all insurance thresholds. Opposition parties, including GERB–SDS, Democratic Bulgaria, Vazrazhdane, and Movement for Rights and Freedoms, have sharply criticized the proposed fiscal framework, calling it inflationary, a "terrible slide," and a…
Mediapool:
April Plenum in November: GERB wants Yotova to veto the budget
GERB is demanding that Vice President Yotova veto the national budget, with one commentator suggesting that President Radev and caretaker Prime Minister Donev are persisting with their 'lies'.
Capital:
Government Again Raises All Insurance Thresholds
The Bulgarian government is planning to increase all insurance thresholds, a move that will affect contributions and potentially the social security system.
Mediapool:
Budget 2027: 3.5% deficit, 5000 fewer positions, and a brake on salaries
The 2027 budget forecasts a 3.5% deficit, a reduction of 5000 positions, and measures to control salary increases.
Mediapool:
'Terrible slide', 'social mirage', and 'cabinet likes inflation': Opposition's…
The opposition has described the 2027 budget with terms like 'terrible slide', 'social mirage', and accused the cabinet of favoring inflation.
Sega:
Unemployment benefits increase to 13 euros per day
The daily benefits for unemployed individuals in Bulgaria are set to increase to 13 euros. This measure aims to provide greater financial support to those without work.
Capital:
Budget 2027: Slight Cut in Spending and New Social Benefits
The proposed Budget for 2027 includes a modest reduction in expenditures alongside the introduction of new social benefits for citizens.
Dnevnik:
Opposition parties voice sharp criticism of Bulgaria's 2027 draft budget
The draft 2027 state budget presented by Prime Minister Rumen Radev has drawn sharp criticism from parliamentary parties over its projected deficit, the increase in public debt and concerns about additional inflationary pressure.
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Ivo Hristov, Deputy Prime Minister, has declared the democratic opposition in Bulgaria to be politically defunct, reflecting a critical view of the current political parties. Separately, Manio Moravenov, a Professor at the University of Finance, Business and Entrepreneurship, suggests that Bulgaria should embrace the stock exchange as a vital instrument for economic growth, with recent reports highlighting a "second peak" and resurgence in the SOFIX stock index.
Sega:
Ivo Hristov: The democratic opposition is a political corpse
Ivo Hristov, a prominent figure, has declared the democratic opposition in Bulgaria to be politically defunct. This statement reflects a critical view of the current state of political parties and their effectiveness.
Capital:
Manio Moravenov: Time to Accept Stock Exchange as Growth Tool
Manio Moravenov suggests that it is time for Bulgaria to embrace the stock exchange as a vital instrument for economic growth.
Capital:
Second Peak of SOFIX
This section appears to be a thematic overview of the SOFIX stock index's performance, likely including its recent rise.
Capital:
Infographic | SOFIX: The Rise, the Fall, and the New Rise
An infographic visually represents the historical performance of the SOFIX stock index, detailing its upward trends, declines, and recent resurgence.
Capital:
The Bull Market Awakens, Here's How to Accelerate It
This article discusses the current bull market trend and offers strategies or insights on how to further accelerate its growth.
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Daily news summaries from Bulgaria
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