Summary
Bulgaria's government decided to withdraw its 2026 budget plan after large protests erupted across the country. Protesters were against the budget, accusing it of hiding government corruption and planning tax increases. This came as Bulgaria prepares to adopt the euro as its currency next year, a move that divides public opinion.
Key Facts
- Bulgaria's government withdrew the 2026 budget plan after large protests.
- Tens of thousands protested in Sofia and other cities against the proposed budget.
- Protesters claimed the budget tried to hide government corruption and included tax hikes.
- The protests included clashes with police, and over 70 people were arrested.
- Bulgaria is set to adopt the euro on January 1, 2026.
- There are concerns that switching to the euro might cause high inflation.
- Bulgaria has experienced frequent protests over government corruption since 2020.
- Prime Minister Rosen Zhelyazkov's minority coalition is in charge after the Gerb party won the 2024 elections.
