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Thousands of Bulgarians took to the streets of Sofia on Wednesday to protest against the government’s draft budget for 2026, the first to be prepared in euros ahead of the country’s planned eurozone entry on 1 January 2026.
The rally, organised by the opposition coalition "We Continue the Change – Democratic Bulgaria", drew an estimated 20,000 participants. Demonstrators formed a human chain around the parliament building and attempted to block the departure of lawmakers’ vehicles, prompting police intervention. Three officers were reported injured after protesters threw bottles and firecrackers.
Protesters criticised the draft budget for its economic impact on households and businesses. Key concerns include increased social security contributions, a doubling of the dividend tax, and a record government spending level approaching 46% of GDP. Critics warn the plan could fuel inflation and fail to address inefficiencies in public services such as health care and the judiciary.
The coalition government, comprising Citizens for the European Development of Bulgaria (GERB), the Bulgarian Socialist Party (BSP), and There Is Such a People (ITN), with external support from the Movement for Rights and Freedoms – New Beginning, maintains a comfortable parliamentary majority. This makes the budget’s passage likely despite public opposition.
President Rosen Zhelyazkov’s administration defended the draft as a necessary step in Bulgaria’s transition to the euro, emphasising planned increases in pensions and healthcare wages. Nevertheless, economists and social groups have expressed concern over the potential “freezer effect” on incomes and the lack of accountability for public spending.
The protest, which lasted around three hours, concluded without major incident as parliament’s general session extended beyond the demonstrators’ planned departure time.
The Kremlin is utilising the recent United States and Israeli military strikes on Iran to validate its ongoing war in Ukraine. Russian officials are pointing to the escalation in the Middle East as evidence that Western nations do not adhere to international rules.
Saudi Arabia’s state oil giant Saudi Aramco closed its Ras Tanura refinery on Monday following an Iranian drone strike, an industry source told Reuters as Tehran retaliated across the Gulf after a U.S.-Israeli attack on Iranian targets over the weekend.
The Middle East crisis intensifies after the deadly attack on the compound of the Supreme Leader of Iran Ali Khamenei on Saturday that killed him, other family members and senior figures. Iran has launched retaliatory strikes on U.S. targets in the region.
U.S. President Donald Trump said the U.S. military has enough stockpiled weapons to fight wars "forever"; in a social media post late on Monday. The remarks came hours before conflict in Iran and the Middle East entered its fourth day.
Türkiye raised its security level for Turkish-flagged vessels in the Strait of Hormuz to Level 3 on Sunday (2 March). The development follows Iranian restrictions on shipping after U.S. and Israeli strikes and confirmation of Supreme Leader Ali Khamenei’s death.
Strikes across the Middle East are intensifying, fuelling travel disruption, driving up global energy prices and forcing diplomatic missions to shut their doors as tensions continue to rise.
U.S. President Donald Trump has said the United States has a “virtually unlimited supply” of munitions and is capable of sustaining military action indefinitely, as the conflict with Iran entered its fourth day.
The United Nations has called for an investigation into a deadly attack on a girls’ primary school in Iran, which Iranian officials say has killed more than 100 children. The U.S. has said its forces “would not” deliberately target a school.
U.S. first lady, Melania Trump chaired a UN Security Council meeting on children and education in conflict on Monday (2 March), a move criticised by Iran as hypocritical following U.S. and Israeli strikes that triggered a UN warning about risks to children.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 3rd of February, covering the latest developments you need to know.
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