“We have just turned our attention there. Already according to a ready model of the Bulgarian Development Bank. We have hired a new audit committee in the Export Insurance Agency, because there are two things that I do not like so far,” he revealed.
One is that there are exposures that have been larger – such as 20-30 million. The other is that there was a guarantee of “difault risk” or the risk of bankruptcy on a financial instrument. In other words, this agency has insured the risk of not repaying the loan, but that is not its goal. It should insure Bulgarian small companies that want to export, not insure large Bulgarian companies that want to take loans. A very different philosophy and now we are entering there and we are doing the same reform as in BDB. We will set a credit limit of 5 million, “the caretaker Minister of Economy explained.
Regarding the assumptions that Petkov will be invited to participate in the next government, he replied:
“So far I have not talked in any way, with anyone, about anything next, because in the current government we have so much work, and every day is so important to me that to enter into such topics at the moment is inappropriate for me to use “I’m a business person, I’m an entrepreneur. I’m glad I can use that approach right now in what I’m doing in government, and that’s my focus.”
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