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Does Bulgaria really have 213,000 bitcoins?

Does Bulgaria really have 213,000 bitcoins?

Five years after the first information that the Bulgarian state had seized crypto worth billions of dollars, inside sources and other information from the new cabinet reveal that there were never any bitcoins at all



The week: 100 days of hell, the missing half a billion and a mysterious crash at a large dam

The week: 100 days of hell, the missing half a billion and a mysterious crash at a large dam

A baptism of fire, a new port on the Aegean and an ambassador worth throwing out




Borissov’s arrest: What we know so far

Borissov’s arrest: What we know so far

The Internal Ministry’s surprise operation against the former PM and high level GERB cadres came just a few hours after the head of the EU Prosecution visited Sofia


The week: Borissov arrested, Central Bank chairmanship tears the coalition, Resilience Plan still not ok

The week: Borissov arrested, Central Bank chairmanship tears the coalition, Resilience Plan still not ok

Former PM Borissov arrested, Guerilla war over BNB shakes the coalition and the Plan is still NOT alright



The lost decade of Bulgaria

The lost decade of Bulgaria

The governments of Boyko Borissov promised reform, but instead created an apparatus for extortion and clientelism



Budget revenues rise even during the pandemic

Budget revenues rise even during the pandemic

Bulgaria’s budget gap widened in 2020 but the worst forecasts failed to materialize


Corona-debt

Corona-debt

Bulgaria raised 2.5 billion euro through the sale of Eurobonds under favorable conditions in September. The question is what the GERB-led government coalition will do with the money


Postponing the Fall

Postponing the Fall

How long will the Prime Minister Boyko Borissov dodge resigning after three months of protests and what comes next?


Bulgarian Development Bank’s New Leadership

Bulgarian Development Bank’s New Leadership

A dubious loan stirred public uproar in April, leading to the quick dismissal of the bank’s management but the new team seems unlikely to fix the systemic problems at the state-owned lender


How the government bought a bank

How the government bought a bank

The government has cleared the last hurdle on the path to the Eurozone’s waiting room by purchasing a 20% stake in the private lender for 140 million levs


Time for new debt

Time for new debt

The higher ceiling for new debt issuance gives the Bulgarian government more fiscal room for policy-making


The VAT shock

The VAT shock

Restaurants, books and baby goods got a surprise cut in VAT rate from prime minister Boyko Borissov


Bulgaria finally enters the euro’s waiting room

Bulgaria finally enters the euro’s waiting room

The country will continue implementing reforms in the judiciary and in the fight against organized crime and corruption, according to the ECB


Taxing Trouble

Taxing Trouble

The taxation Ordinance N-18 that affects almost every company in Bulgaria has introduced an extremely complex, unclear and expensive regulation, and will repel foreign investors