Bulgaria Facing EU Punishment Months After Joining Eurozone
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11 Articles
Bulgaria will be placed on Wednesday under the EU excessive deficit procedure, just a few months after joining the euro area, Prime Minister Rumen Radev, quoted by Euractiv, said on Friday.
The Sofia government announced on Friday that the European Commission will open an excessive deficit procedure against Bulgaria, which registered a deficit of 3.5% of GDP in 2025 and this year would record a deficit of 4% of GDP, transmits EFE, taken by Agerpres. "I have bad news from ...
Bulgaria to be punished for deficit just months after joining the eurozone - FTThe European Commission will launch a procedure against Sofia over a budget deficit of 3.5%. The figure will continue to grow to 4.3% in 2027, according to experts' forecasts.
From eurozone entry to EU sanctions: Bulgaria’s fiscal reckoning
Bulgaria’s rapid descent from eurozone newcomer to potential target of European Union fiscal sanctions offers a sobering lesson about the dangers of political ambition overriding economic reality. Barely months after adopting the euro on January 1, 2026, the Balkan nation finds itself facing the prospect of disciplinary measures from Brussels due to an excessive budget deficit. The irony is striking: a country that celebrated entry into Europe’s…
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Bulgaria facing EU punishment months after joining eurozone
The country is facing sanctions due to a budget deficit, with PM Rumen Radev accusing his pro-EU predecessors of massaging economic numbers to secure entryPublished 30 May, 2026 13:50 | Updated 30 May, 2026 14:55© Getty Images/nevarppBulgaria is facing EU sanctions due to an excessive budget deficit, just months after joining the eurozone, Prime Minister Rumen Radev has said. He claimed that the crisis was caused by the previous pro-EU governme…
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