The Minister of Finance of the Republic of Bulgaria, Vladislav Goranov, in a written answer to a parliamentary question posed by the MP Georgi Goyokov from the BSP for Bulgaria Group, 26.05.2020

"It is necessary to note that the investment portfolios of pension funds are well structured and highly diversified - a requirement that stems from the legislation on supplementary pension insurance itself. Also, pension insurance companies have well-established and functioning units dealing with investment activities and risk management functions.  
In addition to the above, it should be pointed out that in recent months all pension insurance companies have activated their contingency plans. These plans not only aim at ensuring the continuity and regularity of the companies' operations and reducing operational risks in view of the pandemic situation, but also focus on managing and mitigating the risks associated with the investment of the funds' assets in view of the situation in the financial markets”.

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"It is evident from the data presented that the decline in the funds' assets is far less than the decline in the leading stock indices mentioned. In fact, it can be said that this is a practical expression of the objectives underlying the philosophy behind the regulatory framework governing the requirements for the investment activities of funds. The main objective of the set of requirements, prohibitions and investment restrictions is precisely to minimise the risks of fund investments and to preserve the purchasing power of insured persons' funds. In this respect, it can be concluded that pension insurance companies have so far been able to minimise to a large extent the negative effects on funds of downturns in global financial markets, and there are no indications that they will not be able to fulfil this essential objective in the future.”