Text size

Finance minister proposes to cap cash transactions at BGN 5,000

published on 11/23/23 4:28 PM

Assen Vassilev

Photo: BGNES

Finance Minister Assen Vassilev is proposing to limit cash payments to BGN 5,000 (just over EUR 2.5,000), instead of the current BGN 10,000 (just over EUR 5,000), in order to combat the shadow economy. However, his idea was not supported in Parliament, not only by the opposition, but also by his own PP-DB coalition.

The Vazrazhdane party argued that such a restriction was not in the interests of businesses, which would have to pay higher fees to banks. According to Martin Dimitrov of PP-DB, such a requirement would make it difficult for residents of small settlements where there is no developed network of bank branches, and if there is to be such a lowering of the limit, it should be smoother.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy Assen Vassilev BGN 5 thousand cash payments limit proposal

More from category

Bulgaria’s Minister of Finance proposes that December 31 and January 2 be declared non-working days due to euro changeover

For the first time, Bulgaria’s Minister of Finance Temenuzhka Petkova took part as an observer in the regular meeting of the Eurogroup held in Luxembourg, the Ministry of Finance said. Until now, Bulgaria has only participated in Eurogroup..

published on 10/10/25 10:30 AM

Climate disasters have "eaten up" 1% of the Bulgarian economy in 2025

Since the beginning of the current year, Bulgaria has experienced record heat waves, a series of devastating fires, and a new disaster just days ago – catastrophic floods that claimed human lives . Climate change already has its price – and it is..

published on 10/9/25 1:10 PM

Bulgarian farmers set to receive new aid exceeding EUR 7 million

Bulgaria will receive EUR 7.4 million in aid from the European Commission to support farmers affected by adverse production conditions in recent months, European Commissioner for Agriculture and Food Christophe Hansen told BTA and clarified that the..

published on 10/8/25 10:23 AM