Bulgaria is the only country of the EU which is complying with the budget deficit criterion, said Valdis Dombrovskis, Executive Vice President of the European Commission.
Despite the strong economic growth and low unemployment rate Bulgaria is catching up with the rest of the EU slowly, according to the European Commission spring economic report. The country has a high level of poverty and income inequality. The percentage of non-performing loans remains high. Supervision in the insurance sector needs to be additionally reinforced, even though considerable progress has been made. The challenges in the fight against corruption remain and there is no convincing evidence as yet of the prosecution of high-level cases.
With 531 votes in favour, 69 against and 79 abstentions, the European Parliament approved Bulgaria's accession to the eurozone on 1 January 2026. This paves the way for the Council of the EU to grant final approval for the country's entry into the..
In 2024, the average price of arable land transactions in Bulgaria reached 1,697 BGN (867.66 EUR) per decare. Compared to the previous year, the price of arable land increased by 5.9%, indicate data from the National Statistical Institute (NSI)...
Today is a historic day for Bulgaria. This was what European Commissioner for Economy and Productivity, Valdis Dombrovskis, told journalists before the start of the meeting of the Council of the EU, which is to vote on the final..
The EU's Economic and Financial Affairs Council (ECOFIN) has allowed Bulgaria and 14 other EU countries to exceed their budget limits in order to boost..
Following the Council of the EU's and the European Parliament's decision on Bulgaria's accession to the eurozone, the country is entering the final phase..
Full EU membership is neither the end of the story nor a solution to all problems. Realism and accurate self-assessment must guide important decisions,..
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