Asen Vassilev

Bulgaria’s Budget for 2024: Employers to Pay only the First Two Days of Sick Leave

Starting next year, employers will pay only the first two days of sick leave. This is one of the measures that the authorities are working on for the 2024 Budget, Finance Minister Asen Vassilev announced at the meeting of the Trilateral Cooperation Council. The social partners discussed the parameters of this year's financial framework.

Bulgarian Party "We Continue the Change" might join the EU Liberals

Bulgarian political party "We Continue the Change" intends to become a full member of the Alliance of Liberals and Democrats for Europe (ALDE). This became clear from the words of Prime Minister Nikolay Denkov, who, together with Finance Minister and co-chairman of WCC Asen Vassilev, participated in the forum of European liberals before the summit in Brussels.

Bulgaria’s Finance Minister presented the Parameters of Budget 2023

Finance Minister Asen Vassilev presented the parameters of the 2023 Budget. It is calculated based on average annual inflation of 8.7% and economic growth of 1.8%.

The deficit will be 3 percent, with capital spending severely cut from the cabinet's draft budget. The funds for the increase in pensions by 12% from July 1 have been secured, said Minister Vassilev.

Bulgaria is Discussing with the EU the Use of the Euro as a Parallel Currency

Bulgaria is discussing with the European Commission and the European Central Bank (ECB) the possibility of the euro also being used in Bulgaria before its official introduction. This was understood from the words of Finance Minister Asen Vassilev while presenting the draft budget for the year.

Bulgaria: Three Parties officially nominated the Entrepreneur Vasil Terziev for Mayor of Sofia

The IT entrepreneur Vasil Terziev will be the candidate for Mayor of Sofia of "We Continue the Change", "Democratic Bulgaria" and "Spasi Sofia" with the support of the civic initiative "Ekipat an Sofia". The goal is victory in the first round and a full majority in the Municipal Council.

Bulgaria presents Two Candidates for European Commissioner - Daniel Laurer and Iliana Ivanova

The Council of Ministers today discusses the proposal of candidates for European Commissioner. Two candidacies were presented, an opportunity provided in Ursula von der Leyen's letter. The two candidates are Daniel Laurer and Iliana Ivanova. Prime Minister Nikolay Denkov told the media after the extraordinary meeting of the government.

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