Bulgaria's Ministry of Finance reported on Finance Minister Georgi Klisurski’s participation in the March meetings of the Eurogroup and the Economic and Financial Affairs Council, where discussions covered the euro area economic outlook, geopolitical risks and EU capital markets integration. Klisurski highlighted the economic effects of hostilities in the Middle East and argued that decarbonisation measures, including instruments under the EU Emissions Trading System, should be implemented in a way that accounts for impacts on energy prices and competitiveness. At the Eurogroup, ministers discussed rising energy prices and disruptions to free navigation in the Persian Gulf region, with Klisurski emphasising sustainable energy technologies such as nuclear power and pumped-storage hydropower plants and calling for financial institutions to support real investment in energy infrastructure, low-emission regulated capacities and flexible energy storage. At ECOFIN, ministers discussed the European Commission’s Market Integration and Surveillance Package adopted in December 2025 as part of the Savings and Investment Union, with Bulgaria backing an accelerated work schedule while cautioning against legislative changes that could disadvantage smaller capital markets and their role in financing small and medium-sized enterprises. ECOFIN also received an update on Russia’s aggression against Ukraine, adopted an amendment to the Council implementing decision relating to targeted amendments to Estonia’s Recovery and Resilience Plan, and exchanged views on the EU mandate and a statement to the International Monetary and Financial Committee ahead of the G20 and IMF meetings in April in Washington.

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