Iotova Distances from Russia Stance Amidst Parliamentary Clash
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A significant political development unfolded as President Iliana Iotova publicly distanced herself from Bulgaria's declaration against Russia, a move that subsequently led to the Parliament blocking the Foreign Minister's hearing. This highlights an internal disagreement within the political landscape regarding the country's foreign policy and international declarations.
On the economic front, the Deputy Finance Minister announced a new policy exempting electric cars from excise tax, aiming to promote greener transportation. Meanwhile, the gambling sector is set for potential consolidation under a proposed law by Prime Minister Rumen Radev, as concerns rise over the societal impact of quick loans fueling gambling habits.
Other key domestic stories include ongoing scrutiny of the justice system with investigations into the prosecutor's office, and a major business acquisition bid by Schneider Electric for the Bulgarian Shelly Group. The capital, Sofia, also officially adopted its 2026 budget, and taxi drivers are preparing for protests over tariff changes.