In response to the ECB report, Bulgaria doesn’t meet the inflation criterion.
“No matter the truth that inflation is steadily happening, we aren’t protecting it. We aren’t exhibiting any diplomatic or political motivation to make this occur quicker. We should fulfill our standards. I hope the Council of Ministers will take the required measures to meet them,” he commented the financier and banker Levon Hampartzumyan.
In response to him, the issue is exactly the deficit: “Whenever you meet up with development, you should have a deficit”.
About 70% of the brand new wealth in Bulgaria is created by the personal sector, Hampartzumyan mentioned. Concerning the unfold however unconfirmed data that First Funding Financial institution is being offered, the banker reminded that in such transactions, they’re publicly introduced when issues are already accomplished.
“At any second, an organization or a financial institution may be offered or purchased. Bulgaria’s banking sector has higher and worse managed banks, however all are inside fundamental standards. The Bulgarian banking market is kind of fragmented, and the European one too “, the financier defined to Bulgaria ON AIR.
Hampartzumyan described the credit score tightening as a step in the best route, however extra of a warning than a sudden transfer.
“Rates of interest will in all probability go up. It will not be sharp, however we will count on one thing between 5 and 25%. The low rates of interest within the EU and the Eurozone, in comparison with America, come from the big authorities money owed of the southern international locations within the EU. BNB is a vital establishment. It’ll proceed to be essential within the construction of the Eurozone,” he specified.
The financier expressed an opinion on whether or not it’s doable for the minimal wage to develop into BGN 1,080 from January 1.
“I am inclined to debate with the unions in the event that they, together with what they need the minimal wage to be, say what number of members they’ve. That is one of many very well-kept secrets and techniques. We are able to afford something, but when the opposite facet does not have the provide of products and companies to cowl the brand new worth, we’ll get inflation,” Khampartzumyan analyzed.
He emphasised that our nation is a significant world energy within the manufacturing of playing expertise.
“It’s higher for playing to be restricted in locations the place there may be tourism, restricted in time and house,” Hampartzumyan specified.
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