Bulgaria’s economy is in a worse condition than the previous Government tried to portray, according to new finance minister Simeon Dyankov, as he believes that Bulgaria’s economy will decline this year by -6.3%.
Dyankov, speaking at a new conference after the first meeting of Prime Minister Boiko Borissov’s Cabinet, said that Bulgaria was facing a -16% fall in budget revenue, a 2.5bn leva gap that had to be filled.

The Borissov Government will keep a close eye on Bulgaria’s economic performance and if need be, propose amendments to the Budget in autumn.