Text size

Finance minister proposes to cap cash transactions at BGN 5,000

published on 11/23/23 4:28 PM

Assen Vassilev

Photo: BGNES

Finance Minister Assen Vassilev is proposing to limit cash payments to BGN 5,000 (just over EUR 2.5,000), instead of the current BGN 10,000 (just over EUR 5,000), in order to combat the shadow economy. However, his idea was not supported in Parliament, not only by the opposition, but also by his own PP-DB coalition.

The Vazrazhdane party argued that such a restriction was not in the interests of businesses, which would have to pay higher fees to banks. According to Martin Dimitrov of PP-DB, such a requirement would make it difficult for residents of small settlements where there is no developed network of bank branches, and if there is to be such a lowering of the limit, it should be smoother.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy Assen Vassilev BGN 5 thousand cash payments limit proposal

More from category

Bulgaria and North Macedonia reaffirm their commitment to continue the construction of Railway Corridor No. 8

In Brussels, Bulgaria and North Macedonia reaffirmed their commitment to continue the construction of Railway Corridor No. 8 under the TEN-T Regulation, reported the European Commission’s Directorate General for Neighborhood Policy and Enlargement..

published on 10/17/24 8:40 AM

Caretaker Minister of Innovation and Growth Rosen Karadimov

A Taiwanese technology giant wants to build a factory near Plovdiv

A Taiwanese technology giant is negotiating to build a large production facility on the territory of the Trakia Economic Zone near Plovdiv, announced caretaker Minister of Innovation and Growth Rosen Karadimov. He was briefed with the progress of the..

published on 10/16/24 6:14 PM

Susumu Kataoka, president of Japan External Trade Organization

Japanese-Bulgarian business forum is being held in Sofia

A Japanese-Bulgarian business forum is being held in Sofia, organized jointly by the Japan External Trade Organization (JETRO ) and the Bulgaria Invest Agency . "I am leading a delegation of a hundred people, a fact that speaks volumes about..

published on 10/15/24 12:11 PM