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Finance Minister Vassilev presents 2022 draft budget

Bulgaria’s Deputy Premier and Minister of Finance Assen Vassilev called the 2022 draft budget “a budget of economic growth”. “The new budget envisages higher capital investments with EU funds and money from the state budget; a significant increase..

24.01.22 13:22 |

Assen Vassilev: I don’t expect inflation to reach 10%

Inflation will peak in March and April, Bulgaria’s Minister of Finance Assen Vassilev forecasted in an interview for the BNT. In his words, inflation will not exceed 10% and will fluctuate between 5% and 8%.  He voiced hopes that the 2022 state..

23.01.22 17:39 |
Assen Vassilev

Finance Minister Assen Vassilev expects inflation rate to subside in April

“Inflation is approximately within average European norms. We are 2% over the EU average. We expect the peak to be reached in March-April, after which inflation will begin to calm down. That is when energy prices will also begin to go down and..

20.01.22 12:33 |
Assen Vassilev

Assen Vassilev: No VAT cut on energy bills is being discussed

T he 2022  draft budget will be submitted to the National Assembly at the end of January after consultations with the ministries and the social partners, Bulgaria’s Deputy Prime Minister and Minister of Finance A s sen Vassilev..

09.01.22 13:36 |
Maritsa East 2 TPP

Negotiations with European Commission under way to replace coal in the Maritsa Basin

Negotiations with the European Commission continue. We cannot replace an independent Bulgarian source, such as the coal in the Maritsa basin, with an imported source and build steam and gas power plants in their place. To increase our dependence on gas..

07.01.22 11:32 |

Bulgaria’s National Assembly to hear Deputy Premier for EU Funds Assen Vassilev

Bulgaria’s National Assembly is expected to hear today this country’s Deputy Premier for EU Funds and Minister of Finance Assen Vassilev.  Deputy Premier Vassilev is to provide information on Bulgaria’s Recovery and Resilience Plan that was..

23.12.21 05:05 |
Assen Vassilev (L) and Kiril Petkov (R)

Bulgaria’s cabinet provides financial assistance to business and pensioners

Bulgarian pensioners are to receive a supplement to the tune of EUR 30 during the first six months of 2022, this country’s Minster of Finance Assen Vassilev announced. This measure will cost a total of EUR 383 million and is possible due to the..

22.12.21 15:07 |

Kiril Petkov and Assen Vassilev: The coalition agreement has been signed

The coalition agreement for the formation of a new government has been signed with the leaders of the four political formations “We Continue the Change”, “Democratic Bulgaria”, the Bulgarian Socialist Party and “There is Such a People” seperately,..

10.12.21 18:11 |
Rumen Cholakov

Millennium Club: Bulgaria does not want a government at any cost

“The elections showed that voters are not loyal, what they want is morality and quality,” Rumen Cholakov, chairman of Millennium Club, Bulgaria said for the BNR. The Millennium Club is an association of young Bulgarians, born after 1981, who have..

17.11.21 10:50 |

The vote from abroad – mobilization and disappointment in the alternatives to the status quo

The third elections for parliament in the country for the year are now over. What made them different was that they were combined with regular elections for president and vice-president. Whereas the presidential election will be decided at..

16.11.21 14:15 |
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