Lyudmila Petkova
GERB Proposes Rosen Zhelyazkov for Prime Minister in Minority Government Bid (UPDATED)
Bulgarian President Rumen Radev has handed the first exploratory mandate to form a government to Rosen Zhelyazkov, the nominee for Prime Minister from the largest parliamentary group, GERB. In accepting the mandate, President Radev emphasized the significant responsibility given the fragmented parliament and low voter turnout, which could impact institutional legitimacy.
Topic of the Week: Bulgaria's Eurozone Hopes Shattered by 1% Inflation Gap
Bulgaria is not prepared to introduce the euro on January 1, 2025, as it fails to meet one of the four criteria for eurozone entry—the inflation level. This was highlighted in a report by the European Commission, adopted on Wednesday.
Bulgarian Prime Minister Takes Action on 'Mama I Az' Hospital
Acting Prime Minister Dimitar Glavchev is poised to address critical issues plaguing children's healthcare in Bulgaria, particularly regarding the "Mama I Az" hospital. In a concerted effort to tackle these challenges, Glavchev plans to convene a high-level meeting with key stakeholders, including Health Minister Dr.
European Commission Backs Bulgaria's Eurozone Entry in 2025
In a significant affirmation of Bulgaria's path towards Eurozone accession, European Commissioner for Economy Paolo Gentiloni has confirmed the European Commission's support for Bulgaria's admission to the Eurozone in 2025.
Finance Minister Reveals: Bulgaria's Fiscal Reserve Stands at BGN 10.9 Billion
Amidst financial fluctuations and strategic fiscal decisions, Bulgaria's Minister of Finance, Lyudmila Petkova, unveils the nation's robust fiscal reserve, standing tall at BGN 10.9 billion as of April 18th.
European Commission Partners with Bulgaria to Promote Euro Adoption
In a significant move toward Bulgaria's integration into the Eurozone, the European Commission (EC) has pledged support for the country's efforts to promote the adoption of the euro.
Bulgaria Appoints New Director for Customs Agency in Government's First Decision
Marking the inaugural decision of Bulgaria's new caretaker government, the Customs Agency welcomes a new director, as announced by acting Finance Minister Lyudmila Petkova. Georgi Dimov, former executive director of the National Revenue Agency (NRA), steps into the role, succeeding Petya Bankova.
Bulgaria's New Finance Minister Prioritizes Eurozone and Full Schengen Membership
The newly appointed Acting Deputy Prime Minister and Minister of Finance, Lyudmila Petkova, has reaffirmed the country's commitment to joining the Eurozone, the Organization for Economic Co-operation and Development (OECD), and achieving full-fledged Schengen membership.
BGN 100 Million Budget for the Elections in Bulgaria
The new acting finance minister, Lyudmila Petkova, unveiled the budget for the upcoming elections, which amounts to BGN 100 million. Petkova, who was welcomed to the finance ministry by her colleague Asen Vassilev, emphasized that organizing the elections is a top priority for her, alongside Bulgaria's goals of entering the Eurozone, the OECD, and the Schengen area by land routes.
By the End of 2024, Bulgaria will be able to Import Russian Crude Oil
Bulgaria will be able to export processed Russian oil products to Ukraine and other "third" countries "under certain conditions". This was decided in the second reading by the budget committee in the parliament. The legal changes are related to the sanctions imposed on Russian oil because of Moscow's military aggression in Ukraine.