More than EUR 100 million a month has been taken out of the pockets of Bulgarian citizens and businesses over the past two to three months, GERB leader Boyko Borissov said at the party’s headquarters on Sunday, commenting on the draft 2027 State Budget Act presented at the University of National and World Economy (UNWE) on Friday.
Borissov said his party’s proposal to reduce fuel excise duties in response to high prices had been prevented from being considered in Parliament’s debating chamber, with repeated breaks being used as a procedural tactic. He said the losses amount to 30% based on fuel consumption of three billion litres, allowing certain groups to “line their pockets” at consumers’ expense.
He added that there was a EUR 5.5 billion difference in revenue collected under the governments of Rumen Radev and Rosen Zhelyazkov. “Why don’t they collect EUR 7 billion, as we did? Their sponsors and oligarchs would not be able to recoup the money they put in. I want Bulgarians to compare the situation under GERB and Progressive Bulgaria when the price per barrel of oil was the same,” Borissov added.
Borissov said “Balkan Stream holds EUR 1 billion worth of gas in its pipeline, making it the country’s largest gas reservoir, and Bulgaria cannot face any gas supply problems as long as the pipeline remains operational.”
The GERB leader accused the government of a lack of transparency over an announced crackdown on an illegal cigarette factory. He suggested that the authorities diverted media attention without disclosing who had been arrested, who was backing them or what protection were they receiving from customs officials.
Commenting on the Finance Minister’s letter to the European Commission concerning the second pension pillar, Borissov said: “They sent a letter, which was published on the European Commission’s website. Then, after the uproar, they tried to submit a revised version bearing an earlier date and the same registration number.” “This is criminal. Using the company that provides their services, they alter the document, access it, remove it and submit what we are now reading under the same registration number,” Borissov said. He accused the government of seeking to take money from the second pension pillar and transfer it to cover pension payments, for which, he claimed, there was insufficient funding. He warned that if the State went bankrupt, the money would no longer be available in the second pillar.
Representatives of GERB’s national youth structures academy also took part in the news briefing. Veselin Enchevski said that Bulgarian citizens and businesses consume three billion litres of fuel annually. GERB’s proposal to reduce excise duties and cut VAT on fuel from 20% to 9% would lower fuel prices by EUR 0.40 per litre, he said. Enchevski added that pump prices were rising because refinery mark-ups stood at 30%.

Over EUR 100 Mln a Month Taken Out of People’s Pockets, GERB Leader Says THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-11-08 03:21:00

Latest news World news Country news Most important news latest news most important latest of the day Economic news Bulgaria, Bulgarian economy news, Bulgaria economic news, latest economic news, breaking economic news, Bulgarian business news, Bulgaria business news. Bulgarian financial news, Bulgaria finance news, Bulgarian markets, Bulgaria stock market, Bulgarian banking sector, Bulgarian investments, foreign investment Bulgaria. Bulgaria inflation, Bulgaria GDP, Bulgarian exports, Bulgarian imports, Bulgaria trade, Bulgarian industry, Bulgarian companies, Bulgarian entrepreneurs. Bulgarian business economy, economic growth Bulgaria, Bulgaria economic policy, Bulgarian fiscal policy, Bulgarian monetary policy, Bulgaria budget, Bulgarian public finances. Bulgaria wages, Bulgarian employment, Bulgaria unemployment, Bulgarian labor market, Bulgaria salaries, Bulgarian taxes, Bulgaria taxation, Bulgaria energy market. Bulgaria real estate market, Bulgarian property market, Bulgaria construction sector, Bulgarian tourism economy, Bulgaria agriculture economy, Bulgarian manufacturing, Bulgaria technology sector. Bulgarian startups, Bulgaria investment news, Bulgaria corporate news, Bulgarian financial markets, Bulgaria interest rates, Bulgarian banks, Bulgaria euro adoption, Bulgaria economic reforms.

BULGARIA NEWS – NEWS AGENCY 2009–2026 2026-11-08 03:21:00