The Council of Ministers proposes to the National Assembly to adopt a decision to withdraw the Draft Law on the State Budget for 2026. The same decision also withdraws the draft laws on the budgets of the National Health Insurance Fund and the State Social Security. Following the decision of the Parliament, the Cabinet will begin a new budget procedure.

The Bulgarian budget deficit reached 6.59 billion leva or 2.98 percent of the estimated gross domestic product (GDP) by the end of October this year, the Ministry of Finance reported. The negative budget balance under the consolidated fiscal program (CFP) on a cash basis is formed by a deficit under the national budget of 4.474 billion leva and a deficit under European funds of 2.115 billion leva. The negative balance under the CFP is increasing by about 500 million leva on a monthly basis. For comparison, at the end of September the negative balance was 6.055 billion leva or 2.7 percent of the estimated GDP. In early November, the European Commission provided Bulgaria with BGN 0.86 billion under the second payment under the Recovery and Resilience Mechanism, and a third tranche of nearly BGN 3.2 billion is expected to arrive by the end of the year, which will compensate for the aforementioned deficit in the accounts for EU funds (in the amount of over BGN 2.1 billion), respectively, will currently improve the balance under the CFP, the Ministry of Finance stated. The size of the fiscal reserve as of 31.10.2025 is BGN 19.827 billion, including BGN 15.141 billion in fiscal reserve deposits in the BNB and banks and BGN 4.685 billion in receivables from European Union funds for certified expenses, advances, and others.

Plot of 111 decares with a newly built 4.9 MWp photovoltaic plant (56 decares) and an adjacent free plot (55 decares) with development potential at a key location in the city of Blagoevgrad

The courier company Econt announced that it will gradually discontinue all postal services by the beginning of spring 2026. The company will withdraw from the provision of postal letters, small parcels, money transfers and the distribution of advertising materials. The strategy is aimed at refocusing the activity on logistics and courier deliveries, which, according to the management, represent the main demand from customers. The company plans to focus on serving individuals and online merchants by investing in improving its logistics processes. The goal is for Econt to become an "innovative platform for perfect logistics services", built on lessons learned over the years and applied through adaptive business models. The company will continue to develop solutions aimed at users who seek security, speed and reliability in deliveries. The changes in the services offered begin immediately and will be introduced gradually. After the process is completed, the company will operate entirely as a logistics operator focused on courier deliveries and small parcel management.

Sky Optics has started the construction of a new office building and warehouse in Blagoevgrad. The investment covers 1,300 sq. m of built-up area and envisages the creation of nearly 30 new jobs by the end of 2026. Sky Optics is developing online trade in Bulgaria, Romania and Greece in the field of eye health. The company has 18 physical stores in the country for prescription frames, sunglasses and contact lenses, two of which are located in Blagoevgrad. The investors' intentions are to expand their activities in the territory of Blagoevgrad in stages. The company will also provide the opportunity for other small and medium-sized online stores to use the "fulfillment" service, which includes receiving and storing goods, processing orders, packaging, delivering to the customer and managing returns. This is expected to attract more merchants to Blagoevgrad. https://pirinsko.com

Hewlett Packard Enterprise Bulgaria announced that it has a new Executive Director. The position is held by Todor Zhekov, who has extensive professional experience both within the company and outside it. After a long and successful career, the previous director Mario Garbeshkov is retiring. Todor Zhekov joined HPE in 2004 and currently holds the position of Senior Director, Global Spares Planning and Parts Management, where he leads global operations and key projects aimed at increasing the efficiency and sustainability of processes.

The joint-stock company for grain trading and storage "Farm Sense" requested on November 20, 2025 from the Sofia City Court to be declared bankrupt. The Dobrudja-based company has a 32-year history and owns grain depots and silos located in Northeastern Bulgaria, a fleet of vehicles and logistics, and trades in addition to grain and oilseed crops in the country and abroad, as well as biomass. The two consecutive crisis years for farmers are clearly affecting campaigns of a similar rank, because since this year it has been unable to cover its obligations. "Farm Sense" was unable to fulfill an export contract with a Swiss company for 20,580 tons of wheat, with a deadline of November 15 this year, Plamen Borisov explained in his reasons before the court. Instead of a deferral, the company received an invoice for nearly 800 thousand euros. "Pharm Sense" is a union of two companies and two individuals. Individuals Daniela Borisova and Plamen Borisov have a small share. The other two companies are "Defco Grain Base" EOOD, which holds 61% in "Pharm Sense" and "Lavris Invest" EOOD, which holds 33% in AD. Both companies are owned by Plamen Borisov. "Defco Grain Base" is a creditor of both "Pharm Sense" and the Swiss company "Pharm Sense Suisse". The joint-stock company has loans due to several banks. The financial report for 2024 records that liabilities to financial institutions amount to 128,943,000 leva, of which liabilities up to 1 year are 125,454,000 leva. Debts to suppliers in 2024 are 7,781,000 leva, and to companies in the group are 5,137,000. The column "other liabilities" contains 12,649,000 leva. Thus, the total amount of debts of "Pharm Sense" is 154,510,000 leva. In their vast majority, they were accumulated in the last year, when the company was indebted by 138,685,000 leva. In 2024, the joint-stock company paid over 12.6 million leva for interest alone. The company has received loans from 4 Bulgarian banks, a Swiss and a Dutch bank. In addition to financial loans, "Pharm Sense" also has trade loans to suppliers of goods and services, including to grain producers. sinor.bg

Kronospan will invest 20 million euros in a year and 8 months, additionally and voluntarily, to upgrade and modernize the existing purification devices in the production of chipboard and MDF boards. The aim is to eliminate steam and odors. The investment intentions have already been submitted to the Regional Inspectorate for Environment, Water and Fire Protection - Veliko Tarnovo and when the approval of the eco-institution is received, it can start immediately. The new facilities have been planned for more than a year due to the location of the plant, climate change and the concerns of citizens.

Doverie Obedinen Holding AD significantly increased revenues from the bank in Moldova - BC Moldindconbank S.A., which is the second largest in the country, which supports the strong growth of the group's revenues and profits for the first nine months of 2025. The company's interest income, which comes from the bank's operations in Moldova, increased by over 36% year-on-year to nearly BGN 195 million from almost BGN 143.1 million a year earlier, the data show. Income from fees and commissions from banking activities reported growth of over 11% to almost BGN 81.2 million from BGN 73.1 million a year earlier. Revenues from other business sectors (from Monsieur Bricolage stores, the winery, etc.) grew by 9% to BGN 193.7 million for the nine-month period from BGN 177.7 million for the same period in 2024. The total revenues of Doverie Obedinen Holding for the period January-September increased by nearly 18% to BGN 525.6 million compared to BGN 446.9 million a year earlier. At the same time, the company's total expenses, which include financial expenses, increased by 1% to over BGN 380.4 million from BGN 375.6 million for the same period last year. Operating expenses, which do not include financial expenses, decreased by 3% to BGN 282.9 million from BGN 292.1 million a year earlier due to the decline in expenses for external services by more than two times. The net profit for the nine months of "Doverie Obedinen Holding" grew 2.3 times to 105.9 million leva from just under 46.1 million leva a year earlier.

The European aerospace and defence industry is set to grow by 10.1% in 2024, with turnover reaching €325.7 billion and direct employment exceeding 1.1 million people, said Camille Grand, secretary general of the ASD (Association of the European Aerospace, Space and Defence Industries) industry group. The strongest growth was in defence, where turnover rose by 13.8% to €183.4 billion, driven by higher security spending and efforts to strengthen defence capabilities prompted by the war in Ukraine. Civil aeronautics increased by 6% to €129.1 billion, helped by the recovery of air traffic and demand for fuel-efficient aircraft, despite supply chain difficulties and labour shortages. Turnover in the space sector rose by 3.1% to €13.2 billion. The sector includes over 4,000 companies and provides nearly 4.2 million jobs and €779 billion in economic activity across Europe. R&D spending reached €25.2 billion, up 9.4%, but Europe still lags behind its global competitors in innovation. ASD President Mikael Johansson called on the European Union to adopt an industrial strategy for civil aeronautics and maintain investment in defence, warning that Europe’s leadership in high-tech sectors “cannot be taken for granted”.

The global economy has proven more resilient than expected this year, supported by improved financial conditions, growing investment and trade related to artificial intelligence, and macroeconomic policies, the Organization for Economic Co-operation and Development said in its latest Global Economic Prospects report. However, underlying vulnerabilities are mounting, the OECD warned, noting that labor markets are showing early signs of weakening, although the unemployment rate within the organization is stable at 4.9%, with job vacancies falling below their 2019 average in many countries and confidence declining. Risks to the outlook remain significant, including the prospect of additional trade barriers, a potentially sharp repricing of risk in financial markets, exacerbated by stress in leveraged non-bank financial institutions, and volatile crypto-asset markets. Continued fiscal concerns could lead to a further increase in long-term bond yields, which could tighten financial conditions and increase the debt service burden, potentially putting pressure on economic growth, the latest report said. For 2025, the OECD expects global GDP to grow by 3.2%, then growth will slow to 2.9% in 2026, before improving to 3.1% in 2027. The US economy is expected to grow by 2% this year, 1.7% next year and 1.9% in 2027. For the euro area, the OECD forecasts growth of 1.3% this year, supported by resilient labor markets and increased public spending in Germany. Growth is expected to slow to 1.2% in 2026 as budget tightening in France and Italy weighs on the outlook, before the single currency region’s GDP expands by 1.4% in 2027. China’s growth is expected to hold steady at 5% in 2025 before slowing to 4.4% in 2026 and 4.3% in 2027 as fiscal support wanes and new US tariffs on goods imported from the Asian country take their toll. World trade growth is expected to slow from 4.2% in 2025 to 2.3% in 2026 as the full impact of US tariffs weighs on investment and consumption. Elevated uncertainty over trade policy is limiting the prospects for recovery, the OECD said. On inflation, the OECD forecasts that headline inflation in the G20 economies will reach 3.4% in 2025, then slow to 2.8% in 2026 and 2.5% in 2027. Inflation is projected to gradually return to central bank targets by mid-2027 in most major economies. In the US, inflation is expected to peak in mid-2026 due to the negative impact of tariffs before starting to ease. Inflation is expected to rise moderately in China and some emerging markets as excess production capacity is reduced. Most major central banks are expected to maintain or reduce borrowing costs next year as inflationary pressures ease. The Federal Reserve is projected to cut interest rates slightly by the end of 2026, barring inflation surprises from tariffs.

Kazakhstan is taking decisive steps to modernize its transport network and facilitate transit flows between China and Europe. The country will introduce a "green corridor" at all border crossings, which will provide fast and simplified customs clearance for transit cargo. The measure comes against the backdrop of sharply growing traffic from China to Europe, with the number of trucks passing through Kazakhstan increasing by 30-35% annually. In support of the new approach, all border crossings are already being modernized to accommodate the growing volume of freight traffic. Kazakhstan is developing a large-scale road strategy, which will be implemented in stages by 2030, 2035 and 2040. It envisages identifying the most promising transport and transit routes that should be developed as a priority, with the participation of an international consultant in the process. Key projects include the construction of a new highway along the Trans-Caspian route and the expansion of the Western Europe-Western China corridor, which will be coordinated with neighboring countries to avoid new "bottlenecks". The development of the Trans-Caspian International Transport Route (TITR) is also in the focus of cooperation between Kazakhstan and China. The two countries have agreed to significantly increase the cargo flow along this corridor, with the number of trains expected to reach 600 per year by 2025-2026, 1,000 in 2027 and 2,000 by 2029. In 2023 alone, 2.8 million tons of cargo were transported along the route - a 64% increase over the previous year. To accommodate the increased capacity, new terminals and hubs are being built in the ports of Aktau and Kuryk. A container hub with a capacity of up to 300,000 TEU per year is being built in Aktau, and a new grain terminal and the multifunctional sea terminal "Sarzha" are being built in Kuryk, the construction of which should be completed by 2030. Dredging activities are also planned, which will increase the total productivity of the two ports by another 10-30 million tons per year. In 2025, it is planned to process no less than 50,000 containers, and from 2026 to 2029 their volume will increase to about 85,000 per year.