A 25% rise in energy prices will cause a moderate economic shock for the country

We are examining specific measures that are being implemented in Europe, said caretaker Prime Minister Andrey Gyurov regarding fuel prices at the start of the Cabinet meeting. “Such measures exist in Croatia — a fuel price cap; in Germany — a limit on how many times prices can be changed at gas pumps; and in Greece — a proposal for fuel vouchers”, said Premier Gyurov.

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A 25% increase in global oil prices would represent a moderate external shock for Bulgaria, with the effect mainly transmitted through energy import costs, inflation dynamics, and a slowdown in external demand. This is stated in an analysis-simulation by the Fiscal Council on the impact of a 25% rise in oil prices on Bulgaria’s fiscal outlook for 2026.

Estimates indicate that, with a 25% increase in oil prices, the deficit could reach approximately 3.3–3.6% of GDP.

Edited by Ivo Ivanov

Translated by Kostadin Atanasov