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The Minister of Economy is fascinated by how the administration works – Bulgaria

© Julia Lazarova


The caretaker Minister of Economy Kiril Petkov said he was fascinated by how the administration works. During a meeting organized by Capital with the managers of the largest companies in Bulgaria, which was also attended by President Rumen Radev, he said he did not expect things in the administration to happen so quickly. What the head of state said during the forum read here.

“It is not a problem for a normal official. It all comes down to what orders he receives. If we give the right directions to the administration and the task is to be efficient, then it can be quite efficient,” Petkov added.

He again commented on the information he had provided that the Bulgarian Development Bank (BDB) had given nearly BGN 1 billion in loans to large companies, some of which were linked to former MRF MP Delyan Peevski.

“BDB is much more efficient to give 10,000 loans of BGN 100,000 or 1,000 loans of BGN 1 million than to direct 946 million to 8 people. Imagine the effect on the gross domestic product if there are 10,000 companies, “After the crisis, they are going to recover. Or it’s all to meet someone’s high expectations for a loan, which for some reason did not go to commercial banks, but to the one financed by the taxpayer,” Petkov said.

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