Goranov

Bulgaria’s Minister of Finance Vladislav Goranov: Vasil Bozhkov, Pay your Debt to the State

Bulgaria's Minister of Finance Vladislav Goranov called on businessman Vasil Bozhkov to pay his debt to the state to the tune of EUR 359 million in unpaid taxes. Minister Goranov said that Vasil Bozhkov, to whom 11 indictments have been raised, including trading in influence and unlawful possession of cultural values, is another Bulgarian who is fleeing from justice.

Bulgaria’s GDP to Decline by 3% in the Worst Case Scenario

The latest budgetary changes adopted by the Bulgarian government are based on the worst case scenario for the development of the COVID-19 crisis, this country's Minister of Finance Vladislav Goranov said. We have developed three different scenarios, but we assume the most negative one, in order to guarantee the functioning of all public systems until the end of 2020.

Bulgaria’s Government Proposes Budget Update, Increase in Debt Ceiling

The Bulgarian government on March 30 proposed a budget update because of the coronavirus crisis.

Due to the emergency measures and consequences for the Bulgarian economy, the cabinet proposes that the National Assembly vote on a budget deficit for this year of 2.9% of GDP, or BGN 3.5 billion, BNT reported.

Bulgaria Prepares for ‘Worst-Case Economic Scenario’

Finance Minister Vladislav Goranov told a press conference on Tuesday that in the worst-case scenario, the Bulgarian economy could shrink by three per cent in 2020 due to the impact of the coronavirus pandemic.

"If the period of isolation continues for three months in total, our economy will recover by the end of 2021," Goranov said.

Bulgaria's Council of Ministers: The state will Pay 60% of the Salaries of Companies Hit by the Crisis

"There are many voices from business representatives about possible government action to mitigate the impact of the crisis. Most affected are shopping malls, restaurants, discos and bars. We will propose some quick measures in the context of the one-month emergency. They could alleviate the pressure on affected businesses.

The Unions have Convinced the Cabinet to Increase the Salaries of 11,000 People in Nurseries and Gardens

The cabinet and the unions have agreed to adjust the supplementary standard for school and child health care so that healthcare professionals can receive higher salaries.

This was announced by CITUB leader Plamen Dimitrov after talks in the Council of Ministers with Finance Minister Vladislav Goranov and Social Minister Denitsa Sacheva.

The IMF will Present the Results of its Regular Mission to Bulgaria

The International Monetary Fund will present the results of its regular mission to Bulgaria. Experts have been in the country since February 4, and traditionally, they have had a number of meetings with government representatives, BNB, business and non-governmental organizations.

PM Boyko Borissov: Bulgaria to Enter the Euro Zone Waiting Room by the End of April

Bulgaria is expected to enter the euro zone waiting room by the end of April. This was announced on January 28 by Prime Minister Boyko Borissov, who attended the annual meeting of the business with the government, organized by Capital newspaper, BNT reported.

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