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Assen Vassilev

Cabinet drafts urgent anti-crisis measures to fight inflation

The government is preparing a new package of anti-crisis measures to support citizens and businesses , Finance Minister Asen Vassilev said. "Since the adoption of the budget and since the beginning of the war in Ukraine, we have had..

06.04.22 16:19 |

Getting a grip on energy carrier prices is not enough to harness inflation

It has been one month and 10 days since we have been living in the new reality of the war in Ukraine. The extent of the changes is yet to be seen, yet society will have to adapt to them as quickly as it can. Such a transformation will, without..

04.04.22 14:08 |

Natural gas price jumps 13% and continues to pump inflation up

In April, the price of natural gas will rise by about 13% instead of the 58% previously requested by Bulgargaz, according to estimates by the Energy and Water Regulatory Commission. The final rise will become clear on April 1. In..

30.03.22 13:34 |

85% of Bulgarians not happy with inflation rate and low incomes: Survey

The public in Bulgaria gives the four-party coalition government 3.57 out of a maximum of 6 points after its first 100 days in power, indicates an Alpha Research survey commissioned by public service TV BNT. 53% of the respondents say they do..

23.03.22 13:53 |
Assen Vassilev

Assen Vassilev: Bulgaria’s government has developed an action plan should Russian gas stop flowing into the country

Bulgaria will change the macroeconomic framework of the state budget because of the war in Ukraine, Deputy Premier and Minister of Finance Assen Vassilev said . The government is plannning to set aside buffers to cope with the refugee..

15.03.22 15:08 |

The annual inflation rate in Bulgaria soars to 10% in February

The annual inflation rate in Bulgaria accelerated for the 12 th consecutive month to 10% in February, from 9.1% in the previous month, data of the National Statistical Institute indicate. On a monthly basis, consumer prices increased with 1.4%,..

15.03.22 13:13 |
Prime Minister Kiril Petkov after a meeting with employers on March 14. 2022.

Government extends electricity subsidies for businesses till the end of April

Bulgarian citizens should not give in to panic, Prime Minister Kiril Petkov urged after a meeting with employers. He was adamant that there would be no shortage of goods.  We are putting out fire after fire, Petkov said, adding that there is..

14.03.22 13:28 |

No consensus in ruling coalition on candidate for new BNB governor

No candidacy for governor of the Bulgarian National Bank - BNB had been submitted to parliament by March 8, which was the deadline. The election of a central bank governor has been postponed once again and a new procedure is to be..

09.03.22 12:53 |
Assen Vassilev

Finance Minister Assen Vassilev is not expecting double-digit inflation

“We are not going to have double-digit inflation in the country,” Deputy Prime Minister and Minister of Finance Assen Bassilev stated in response to criticism during the discussion of the draft state budget in parliament. Minister Vassilev..

23.02.22 17:44 |

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 |
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