Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

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

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!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Financial Supervision Commission: The assets of private pension funds have reached EUR 13 billion

The assets of private pension funds have reached EUR 13 billion. According to data from the Financial Supervision Commission, they have increased by more than 20% compared to the same period last year.  As of September 30, 2024, the number of..

published on 11/21/24 5:30 PM

Bulgarian economy registers upsurge, yet unevenly distributed over different regions

There has been an upsurge in the economy in every region of Bulgaria, the effects of the Covid crisis have been overcome, tourism has fully recovered, which is evident in Bulgarian seaside regions and spa resorts - this is the conclusion that is drawn..

published on 11/19/24 11:51 AM

More than EUR 1 billion to be allocated for agriculture and the development of local economies

More than EUR 1 billion will be invested in agriculture and rural areas in Bulgaria in 2025. According to a decision by the Monitoring Committee of the Strategic Plan for Agricultural Development, the funds are aimed at modernizing agriculture and..

published on 11/17/24 10:07 AM