Goranov

Legal action taken against Bulgaria by the State General Reserve Fund of Oman is based on ill-founded claims, the country's Finance Minister Vladislav Goranov said on Tuesday.

He asserted Bulgaria was "prepared to fight this battle" and had already hired a team of lawyers.

Politicians should be wary of attempts to manipulate the market or direct consumer behavior to one or another kind of goods, Bulgaria's Finance Minister Vladislav Goranov has said.

Bulgarian Prime Minister Boyko Borisov has advised the United States to use the example of Bulgarian Finance Minister Vladislav Goranov and his policy of discipline.

Speaking at a conference of the American Chamber of Commerce in Bulgaria (AmCham), Borisov also urged Washington ro revoke visas for the Bulgarian businesses as other EU member states did.

Bulgarian Finance Minister Vladislav Goranov expressed hope on Friday that the government budget for 2016 will allocate more funds for spending on defence, education and infrastructure.

Goranov added that the draft government budget for 2016 will be tabled to parliament until October 30, the Bulgarian National Radio (BNR) quotes him as saying.

Bulgarian Finance Minister Vladislav Goranov said in parliament on Friday that a debate on increasing the country's military spending is forthcoming.

However Goranov expressed doubt whether Bulgaria will be able to fulfill the commitment to its NATO allies according to which the country has to increase its military spending to 2 % of its GDP.

By the end of August, the revenues to the state budget amounted to BGN 21.5 B, which represented an increase of 12 % compared to the same period last year.

This was announced by Finance Minister Vladislav Goranov during the regular parliamentary control on Friday, daily Dnevnik informs.

The increase in the revenues from excise duties amounted to BGN 320 M.

The forthcoming local elections and referendum on remote electronic voting, which are scheduled to take place in Bulgaria on October 25, are estimated to cost BGN 50 M.

This was announced by Bulgarian Prime Minister Boyko Borisov at the regular meeting of the government on Wednesday, private bTV station reports.

Bulgaria will not obstruct the allocation of a bridge loan of EUR 7,160 B to Greece provided that there are firm guarantees enshrined in law that EU countries outside the euro zone will not be directly affected financially by potential unfavorable developments in the country, according to Finance Minister Vladislav Goranov.

By May 31, 2015 the state owed BGN 113.6 M in unrefunded value-added tax (VAT) to companies, according to data presented by Bulgaria's Finance Minister Vladislav Goranov in a written response to a question addressed to him.

Over 1000 large companies in Bulgaria are stopping work or switching to reduced capacity for an hour on Friday to protest an anticipated 13-20% increase in power rates for the industry.