Skip to main content
Archived edition · October 02, 2026 Today's news →

What's happening in Europe?

Flag of Bulgaria

Bulgaria

News summary for

Go to today →

Factory 🏭

Cabinet offers coastal site for Rheinmetall defense plant

The government has proposed a new location near Burgas for a Rheinmetall manufacturing facility, a concrete offer to the German defense giant. Separately, the Kremlin has publicly welcomed the President's stance on the war in Ukraine, as lawmakers continue to question the Prime Minister and his deputies in parliament.

A shipment of a different nature arrives from Greece tomorrow when the remains of Tsar Samuil return for a museum ceremony. The transport will be escorted by two pairs of MiG-29 and F-16 fighter jets, a high-altitude welcome for the monarch. Meanwhile, the Ministry of Interior noted that a recently murdered businessman and his suspected killer were seen together just two weeks before the shooting.

The economic outlook is less ceremonial. Inflation reached 5.6% in September, and while the state is being praised as a debt outperformer, the interest on that debt is rising. Banks have hinted they intend to recoup the cost of a new tax on their excess profits by increasing interest rates on loans.

Top stories

Economic Trends and Bank Taxation

Bulgaria's inflation rate continued its upward trajectory, reaching 5.6% in September. Amid concerns about national debt and rising interest rates, banks have indicated their intention to recover the cost of the 'excess profit' tax by increasing interest rates on loans.

President Radev's Statements and Kremlin Reaction

President Iliana Iotova's stance on the Ukraine war has been welcomed by the Kremlin. In domestic matters, President Iotova addressed the Vazrazhdane party regarding the Shipka renovation, dismissing claims of 'gutting' as speculation, and highlighted 36 invoices totaling 5 million euros related to MP Ivelin Peevski's flights.

Parliament Adopts Anti-SLAPP Measures

The Bulgarian Parliament has adopted new legal measures aimed at combating SLAPP (Strategic Lawsuits Against Public Participation) lawsuits, which are often used to suppress public debate.

Rising Early Retirement Trend

An increasing number of individuals in Bulgaria are choosing to retire early by purchasing service years, a trend that is impacting the country's pension system.

News sources