Bulgaria’s parliament has approved a new government led by Rosen Zhelyazkov, concluding months of negotiations following the October snap election. Zhelyazkov committed to strengthening the rule of law, enhancing economic stability, and advancing eurozone accession, underscoring the need
Bulgaria’s parliament has approved a new cabinet led by Rosen Zhelyazkov, ending months of political negotiations following the October snap election, the country’s seventh in four years.
Zhelyazkov, a former parliament speaker, was nominated by the centre-right GERB-SDS group, which won the most seats but faced prolonged coalition talks before securing the mandate from President Rumen Radev. His government was confirmed on Thursday, with 125 out of 240 lawmakers voting in favour.
Bulgaria has struggled with political instability since 2020, when anti-graft protests led to the fall of a GERB-led coalition. As the EU’s poorest member state, it requires stable governance to advance economic reforms, absorb EU funds, and progress towards eurozone membership, which has been delayed due to missed inflation targets.
In his address to parliament, Zhelyazkov stressed the need for rule of law, economic competitiveness, security, and social protections. He pledged to accelerate eurozone accession, a key policy priority for the new government.
As a NATO member, Bulgaria also faces external security challenges, making political stability crucial for both its domestic and international commitments.
Bulgaria will adopt the euro on January 1, 2026, aiming for stronger economic growth and higher living standards, Prime Minister Rosen Zhelyazkov announced following the European Commission’s approval.
The European Central Bank has confirmed that Bulgaria now meets all criteria to adopt the euro, setting the stage for the country to join the eurozone on January 1, 2026, pending final approval from EU finance ministers.
Thousands of Bulgarians took to the streets in Sofia and other major cities on Saturday to oppose the government’s plan to replace the lev with the euro, a key step in the country’s deeper integration into the European Union.
The European Commission is likely to give Bulgaria the green light on June 4 to adopt the euro currency from the start of 2026, several euro zone officials said, making Bulgaria the 21st country to join the single currency area.
Bulgarian President Rumen Radev and Japanese Prime Minister Shigeru Ishiba signed a declaration on upgrading bilateral ties to a strategic partnership during Radev’s official visit to Tokyo.
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A strong 6.3 magnitude earthquake shook Japan’s Hokkaido prefecture early Monday, causing no reported injuries or damage, and no tsunami warning was issued, officials confirmed.
Peace talks between Russia and Ukraine ended abruptly in Istanbul on Monday, lasting just over an hour amid mounting tensions following a major Ukrainian drone strike on Russian strategic bombers and renewed pressure from the U.S. for a breakthrough.
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India’s central bank made a bigger-than-expected interest rate cut, lowering the repo rate by half a percent to 5.5%, the lowest level in three years.
Twenty-two crew members were safely rescued after a cargo ship carrying 3,000 vehicles, including 800 electric cars, caught fire in the North Pacific near Alaska’s Aleutian Islands.
Meta and Russian search engine Yandex have been secretly tracking what Android users do on their web browsers—even when users are in private or incognito mode—according to experts from Radboud University and IMDEA Networks.
A major Japanese battery maker has stopped construction on a $1.6 billion plant in South Carolina, citing “policy and market uncertainty” tied to electric vehicles and global trade.
Germany’s new government has launched a major program aimed at boosting investment and helping Europe’s largest economy recover after two years of decline.
]The third annual AI Film Festival opened Thursday night in New York, offering a glimpse into what artificial intelligence can now do on the big screen.
A local dive team has solved a nearly 140-year-old maritime mystery by identifying the wreck of the SS Nantes off the coast of Devon.
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