Asen Vassilev

Vassil Bojkov, oligarch in exile and head of the Bulgarian Summer party. Source: Facebook/VassilKrumovBojkov.

The Finance Ministry said the companies and individuals might be affected in the near future by the US's Global Magnitsky Human Rights Accountability Act, which freezes the assets of people linked to corruption and human rights abuses and bars them from entering the US.

Border police officers, tax inspectors and customs officials will begin an inspection of Russian oil giant Lukoil's oil port located near the Bulgarian Black Sea city of Burgas on Wednesday.

The huge cash stocks of companies are likely to fuel corruption in the country. This was commented to the Bulgarian National Radio by the Minister of Finance Asen Vassilev.

According to him, preliminary information indicates that there are such large cash stocks.

For the period 2017-2020, Bulgarian revenue agencies have written off tax liabilities of over BGN 10 billion. For previous periods the amount is similar. This became clear from the second press conference of the caretaker Minister of Finance Asen Vassilev.

 According to the Minister, about BGN 2-3 billion in uncollected taxes are written off every year.

The preparation of the parliamentary elections on July 11 will cost BGN 57.1 million, announced after today's meeting of the Council of Ministers the Minister of Finance Asen Vassilev.

The funds have been approved, which includes providing necessary conditions for 500 sections abroad.