“We are worried by what is happening in Bulgaria’s finances, and especially the management of the fiscal reserve, as well as the state the Silver Fund is in and how secure it is,” said Rumen Gechev from the Bulgarian Socialist Party (BSP) in parliament. In his words, the information disclosed by Finance Minister Rositza Velkova indicates that a total of around EUR 2 billion from the fiscal reserve was spent in the months of March and April. “We have the suspicion it was not spent as allocated,” Rumen Gechev said, and added that there is a sensitive component of the fiscal reserve – the Silver Fund, which guarantees the stability of the state pensioning system Rumen Gechev added that the BSP wants an official answer, from the minister of finance, to the question what this money was spent on.
The money from the Silver Fund and for the European projects is there, in the fiscal reserve, the Ministry of Finance stated in response. Publicly available data is attached to the ministry’s statement regarding the state the fiscal reserve is in and the balance in the so-called “single account” at the Bulgarian National Bank.
The caretaker government has fulfilled its main task successfully – organizing fair and transparent elections for National Assembly and for European Parliament. All activities were transparent and within the deadlines set, the caretaker cabinet with..
“Five people from the parliamentary group are going to be “torn apart” during the voting for a cabinet but will, most probably, not give their support,” Ivelin Mihaylov, one of the founders of Velichie party said for the BNR. GERB-SDS..
In an analysis of the pension system in Bulgaria, the International Monetary Fund urges the country to raise pensions by raising social security contributions and doing away with the maximum insurable earnings. According to the analysis, pensions in..
Metropolitan Daniil of Vidin has been elected as the new Bulgarian Patriarch. He received 69 votes. Metropolitan Gregory of Vratsa received 66 votes...
The enthronement of the newly elected Bulgarian Patriarch, Metropolitan Daniil of Vidin, is over. The new spiritual leader was welcomed in St...
It will be sunny on Monday. There will be light southeasterly wind in the eastern parts of the country. The hot weather continues with maximum..
+359 2 9336 661