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Caretaker Minister of Finance Rositsa Velkova

Caretaker Minister of Finance: We need to reduce costs and stabilize the budget’s revenue side

We need to reduce costs and stabilise the budget ’s revenue side, because at some point we may face liquidity shortage, caretaker Minister of Finance Rositsa Velkova said an in interview for the BNR .  The Finance Ministry has prepared three..

23.10.22 16:36 |
Bulgaria's President Rumen Radev

President Radev: It is high time we found a way out of the political crisis

"The leaders of the political parties, especially those who are represented at the National Assembly, should finally assume responsibility and ensure that more citizens go to the polling stations so that they are much better represented",  President..

20.10.22 17:53 |
Bulgaria's President Rumen Radev

President Radev: I expect that the parties will focus on the real problems of Bulgarians such as poverty and rising prices

"I expect that the parties will focus on the real problems of Bulgarians such as poverty, rising prices and the state budget”, Bulgaria’s President Rumen Radev said several days before the inaugural sitting of the new parliament . “It is humiliating..

14.10.22 12:28 |

National Assembly Budget Committee rejects amendments to 2022 state budget

The National Assembly Budget Committee did not approve the proposed amendments to the 2022 state budget. However, the draft amendments will be voted at first reading at a plenary session, the committee’s chairperson Lyubomir Karimanski from There is..

10.06.22 10:07 |

Bulgaria’s cabinet expected to approve the new anti-crisis measures today

Bulgaria’s Premier Kiril Petkov called the anti-crisis measures amounting to EUR 1 billion “unprecedented”. The new measures will be included in the amendment of the state budget. The cabinet is expected to approve the measures at today’s sitting...

08.06.22 10:54 |
Assen Vassilev

There will be no flat wage increase in Bulgaria’s public sector

There will be no flat wage increase  in the public sector , Deputy Premier and Minister of Finance A s sen Vassilev said during the discussion of the state budget amendment at the National Council for  T ripartite Cooperation ...

07.06.22 19:28 |
Assen Vassilev

Assen Vassilev: Bulgaria’s government has developed an action plan should Russian gas stop flowing into the country

Bulgaria will change the macroeconomic framework of the state budget because of the war in Ukraine, Deputy Premier and Minister of Finance Assen Vassilev said . The government is plannning to set aside buffers to cope with the refugee..

15.03.22 15:08 |

Parliament adopts, definitively, budgetary framework for 2022

After almost 13 hours of deliberation, the National Assembly approved article 1 of the draft state budget for 2022 – the statement of revenue and expenditure or the so-called budgetary framework , which sets down a deficit of EUR 2.8..

24.02.22 09:37 |
Kiril Ananiev

Former Minister of Finance Kiril Ananiev demands withdrawal of draft state budget for 2022

Bulgaria’s MPs are discussing at a second reading the draft state budget for 2022. It envisages a budget deficit of EUR 2.8 billion. According to the draft document, Bulgaria will be able to issue government bonds to the tune of EUR 3.7 billion...

23.02.22 19:42 |
Assen Vassilev

Finance Minister Assen Vassilev is not expecting double-digit inflation

“We are not going to have double-digit inflation in the country,” Deputy Prime Minister and Minister of Finance Assen Bassilev stated in response to criticism during the discussion of the draft state budget in parliament. Minister Vassilev..

23.02.22 17:44 |
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