Bulgaria

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Only 21% of Bulgarians View Elections as Free and Fair

A recent global survey conducted by the "Gallup International" association sheds light on dwindling confidence in democratic governance across various nations, including Bulgaria. The findings reveal a stark reality where only 13% of Bulgarians perceive their country's governance as aligned with the will of the people, while 61% disagree and 22% remain undecided.

Bulgaria's Right-Wing 'Revival' Declares Readiness with Government Composition

Amid ongoing political turmoil in Bulgaria, the "Revival" party ("Vazrazhdane") has declared its readiness with the composition of the government if it receives the third mandate from the president. Party leader Kostadin Kostadinov made the announcement on the sidelines of the parliament, stating that they are prepared to take on the mandate without delay.

European prices with Balkan purchasing power

Despite the increase in the minimum wage in 2023, Greece's gross domestic product (GDP) per capita expressed in purchasing power standards is 67% of the European average, according to Eurostat. 

This puts Greece in 26th place among the 27 member-states, with Bulgaria in last, where GDP per capita in purchasing power units was 64% of the European average.

Cost of Euro Adoption in Bulgaria Estimated at Over Half a Billion Levs

The Ministry of Finance in Bulgaria has revealed that the process to facilitate the exchange of levs with euros in the country will come with a hefty price tag, estimated to be at least BGN 500 million. This disclosure accompanies the draft Law on the introduction of the euro, which was published by the Ministry on Tuesday.

Experts Assert: Euro Introduction in Bulgaria Won't Lead to Price Hikes

As Bulgaria steers towards adopting the euro, economists dispel concerns over potential price increases, assuring the public that the impact on inflation will be minimal. Renowned economists, including Petar Ganev and Preslav Raykov, have weighed in on the matter, emphasizing the stability and positive prospects associated with the currency transition.

Snap Elections On The Horizon: How Did We Get Here?

Today, "We Continue the Change - Democratic Bulgaria" (WCC-DB) proposed the implementation of the second mandate with a prime minister from GERB, along with signing an agreement on reforms in the judicial system, security services, and regulators. However, Boyko Borissov's party (GERB) rejected this proposal.

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