We must now, for every new expenditure, take money from somewhere else in the current budget. At the moment, businesses need a lot of funds to recover, businesses need to start working, for which they need funds.
Commercial banks have high levels of liquidity, but are afraid to give them in the tourism sector, for example, because it is risky because of the pandemic and it is not known how many tourists there will be this season. They prefer to keep them than to give them to their most risky customers.
This was stated in the morning block of BNT by the caretaker Minister of Economy Kiril Petkov.
“When businesses are open, you have to have money to rebuild the business, unless you’re in a niche situation. But it’s generally not good to give money to a hat.
It is very important to change the myth that the state gives. No, the state first takes – NRA, “Customs” … this is money from the business, which is uploaded at the state level and then distributed among the various items.
Nobody in the country can give you money – it takes it and redistributes it “, he explained and specified that the measure 60/40 was kept, albeit in a limited version, in order to have a” sip of life for small businesses “.
When asked about the situation in the Bulgarian Development Bank, Minister Petkov announced that as of Friday the bank is working with a new Statute, which does not allow it to grant more loans of the order of 100 million.
He called on the people and the society to follow this Statute when he is no longer a minister, so that it is not repealed and the vicious practice of granting multimillion-dollar loans to large businesses is returned.
“The battle for BDB is almost over and I expect the bantak to finally work only for small and medium-sized businesses, as it should be,” he said.
The American state told us that these people – Bozhkov, Peevski and Zhelyazkov, and everyone who operates with them, is an associate.
In that case, the US state and its financial partners can seize their accounts, Petkov explained, assuring that the Bulgarian state will do everything possible to prevent the Bulgarian economy from suffering under the Magnitsky law.
In conclusion, the Minister of Economy revealed how Bulgaria can become a rich country in five years.
It depends on two things. First, how well public funds are used and actually implemented in competitiveness and innovation.
If the state budget is spent properly, Bulgaria will be rich for up to five years. Of course, we must also eliminate corruption. And the second condition is to fight for our export markets, concluded Minister Kiril Petkov.
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