Archived edition · September 10, 2026 Today's news →

What's happening in Europe?

Flag of Bulgaria

Bulgaria

News summary for

Go to today →

Loans 📉

New Loan Law Sparks Concern, Capital Faces Record Debt, Education Crisis Deepens

A new law introduced by the cabinet of Prime Minister Rumen Radev has abolished crucial safeguards for consumers taking out fast loans, with a case highlighting a borrower owing double the initial amount in just four months. This legislative change has drawn criticism and raised concerns about predatory lending practices.

Meanwhile, the municipality of Sofia is poised to decide today on a record-breaking new debt of up to 367 million euros. This comes as the National Revenue Agency announced it would begin monitoring income from cryptocurrency transactions, signaling new economic oversight.

The education crisis remains a top concern, with PISA results now being framed as a threat to national security, prompting the Ministry of Education to propose new disciplinary measures for students. In the political sphere, a protest has been organized in defense of journalist Georgi Angelov, while President Iliana Iotova's initiative committee faces scrutiny over the inclusion of former State Security collaborators.

Top stories

Fast Loans Regulation Changes

A new law from the cabinet of Prime Minister Rumen Radev has removed crucial consumer safeguards for fast loans, leading to concerns about borrowers facing significantly increased debts. President Iliana Iotova's administration is reportedly preparing legislation to address high interest rates.

Judicial Council Reform Discussions

Discussions are underway regarding the potential for significant improvements to the Supreme Judicial Council (VSS) in Bulgaria, including proposals for early release of its members, raising questions about the political will to implement these necessary changes.

Protest for Georgi Angelov and BNT Independence

A protest is being organized in front of the Bulgarian National Television (BNT) to support journalist Georgi Angelov, who was recently taken off air, and to advocate for the independence of the public broadcaster.

PISA Results and Education Policy

The latest PISA results show a record decline in reading and mathematics scores among Bulgarian ninth-graders, with some analyses framing these results as a threat to national security. In response, the Ministry of Education and Science plans to propose new measures to improve student discipline.

Presidential Race and Political Figures

The political landscape is stirred by reports of 14 former State Security (DS) collaborators being part of President Iliana Iotova's initiative committee. Political analyst Dimitar Ganev also offered insights into the strategies of Boyko Borissov and the GERB party, while police searched a long-serving GERB mayor.

New Cryptocurrency Income Monitoring

The National Revenue Agency (NAP) has announced it will commence monitoring income derived from cryptocurrency transactions, marking a new step in financial oversight.

News sources