Bulgaria reported a consolidated budget deficit of €335.7mn in the first quarter of 2021 and will have to borrow to patch the gap later this year.
Trend towards bigger deals and more fund investment continues, as deal value rises by half to give best Q1 since 2013.
Boyko Borissov, the leader of the Gerb party, will nominate Daniel Mitov, former foreign affairs minister, as Bulgaria's prime minister, assuming a coalition led by Gerb can be formed.
But pandemic has delayed restart of convergence with Western Europe until 2023.
Slavi Trifonov is the favourite to become Bulgaria’s next prime minister while Boyko Borissov is consigned to the dustbin of history. But are the two politicians so different?
Speculation that Borissov plans to quit politics after his Gerb party failed to win enough votes to form the next government.
Showman-turned-politican Trifonov, whose party is the second largest in the new parliament, has so far given no hint as to his plans after Sunday’s election.
After voters left PM Boyko Borissov out in the cold in the April 4 general election, the possibilities for forming a new government are slim and a new snap election is the most likely outcome.
PM Borissov took the largest share of the vote but is unlikely to find coalition partners in the new parliament.
A third wave of the coronavirus pandemic is sweeping through Emerging Europe. While Russia is expecting to reach herd immunity in the next two months, most other countries of the region have only just started their mass immunisation programmes.
Getting an IKEA store is a good guide to how developed a country is. And the Swedish furniture store has an uncanny knack for opening their yellow and blue stores exactly at the beginning of a country's rapid growth phase.
He’s been touring the country in an attempt to shore up fading ratings, but PM Boyko Borissov will struggle to put together a new coalition after Sunday’s general election.
Trust in institutions is extremely low, finds Market Links survey, but low turnout due to the pandemic would benefit Bulgaria's main parties.
Sofia rounded up six Bulgarian nationals suspected of spying for Russia, which has a strong presence in the Southeast European country’s energy sector.
The moderate GDP setbacks in 2020 imply that for some CEE countries there will not be such drastic recovery and rebound effects in 2021 as in hard-hit countries in Western Europe.
Over 4,000 COVID-19 cases daily are being reported in Bulgaria, Romania and Serbia, putting hospitals under strain.
With economies primed to rebound as pandemic restrictions are loosened, consumer prices could rise even further, reawakening an issue that has long been ignored.
Vasil Garvanliev’s video included a triptych in the colours of the Bulgarian flag, seen as a deliberate provocation amid the diplomatic rift between Skopje and Sofia.
EU institutions have made it clear that Sofia’s failure to address long-standing problems in the judiciary will no longer be tolerated.
Food and beverage sales rose in January but failed to offset the drop in sales of non-food products and motor fuel.