Summary
Bulgaria's government has decided to retract a budget proposal that led to widespread protests. The proposal included tax increases and changes to social security contributions, leading to public outcry. The protests highlight ongoing political challenges in Bulgaria, including debates over joining the eurozone.
Key Facts
- The Bulgarian government withdrew a budget proposal after protests across the country.
- The budget included planned tax hikes and higher social security costs.
- Bulgaria has faced political instability, with multiple elections since 2020.
- The protests included around 50,000 people in the capital, Sofia.
- Bulgaria is ranked as the most corrupt EU country by Transparency International.
- Demonstrations turned violent, with clashes between protesters and police.
- The budget was the first to be calculated in euros, causing concern about inflation.
- Half of Bulgarians oppose adopting the euro, fearing loss of currency control.
