Vladislav Goranov

The building, intended for a children's hospital in Sofia, will be demolished and a new, specially designed one will be built in its place, Bulgaria's Prime Minister Boyko Borissov said on May 27 after a meeting with representatives of protesters against the idea to complete an old unfinished building and use it for the National Multi-profile Children's Hospital.

Bulgaria's Minister of Finance Vladislav Goranov called on businessman Vasil Bozhkov to pay his debt to the state to the tune of EUR 359 million in unpaid taxes. Minister Goranov said that Vasil Bozhkov, to whom 11 indictments have been raised, including trading in influence and unlawful possession of cultural values, is another Bulgarian who is fleeing from justice.

BRITS could return to Bulgaria's Sunny Beach as soon as July as the country reduces its lockdown measures.

To encourage tourists, beaches will also offer free loungers, sun beds and tables when they open again for business.

Bulgaria's Finance Minister Vladislav Goranov has confirmed that Bulgaria is continuing its plan to enter the ERM-2 exchange rate mechanism. One of the commercial banks in the country still need to comply with the European Central Bank's recommendations for additional capital buffers. In doing so, Bulgaria will meet the requirements for applying to join the European Banking Union and ERM-2.

The latest budgetary changes adopted by the Bulgarian government are based on the worst case scenario for the development of the COVID-19 crisis, this country's Minister of Finance Vladislav Goranov said. We have developed three different scenarios, but we assume the most negative one, in order to guarantee the functioning of all public systems until the end of 2020.

The Bulgarian government on March 30 proposed a budget update because of the coronavirus crisis.

Due to the emergency measures and consequences for the Bulgarian economy, the cabinet proposes that the National Assembly vote on a budget deficit for this year of 2.9% of GDP, or BGN 3.5 billion, BNT reported.

Finance Minister Vladislav Goranov told a press conference on Tuesday that in the worst-case scenario, the Bulgarian economy could shrink by three per cent in 2020 due to the impact of the coronavirus pandemic.

"If the period of isolation continues for three months in total, our economy will recover by the end of 2021," Goranov said.

"There are many voices from business representatives about possible government action to mitigate the impact of the crisis. Most affected are shopping malls, restaurants, discos and bars. We will propose some quick measures in the context of the one-month emergency. They could alleviate the pressure on affected businesses.

The cabinet and the unions have agreed to adjust the supplementary standard for school and child health care so that healthcare professionals can receive higher salaries.

This was announced by CITUB leader Plamen Dimitrov after talks in the Council of Ministers with Finance Minister Vladislav Goranov and Social Minister Denitsa Sacheva.

The Bulgarian lev is undervalued, Bulgaria's Finance Minister Vladislav Goranov said, referring to econometric models for evaluating the exchange rates used by the IMF.