Bulgaria's Parliament to Cancel Public-Private Partnership Act
Bulgaria's Parliament is to vote on the cancellation of the Public-Private Partnership Act as inoperative on Friday.
The Public-Private Partnership Act took effect in early 2013.
Bulgaria's current government finds that the piece of legislation is inoperative, unnecessary and restrictive, according to reports of dnevnik.bg.
The proposal of the government that the Public-Private Partnership Act be cancelled triggered prolonged debates which started on Friday.
The cancellation was opposed by center-right party GERB (Citizens for European Development of Bulgaria).
GERB MP Krasimir Tsipov inquired how the authorities had managed to complete the evaluation of the Act within such a short period of time.
He insisted that the existing Public-Private Partnership Act provided clear rules on transparency for such projects, adding that its revocation would reintroduce schemes which had existed 10-15 years ago which had the sole purpose of paving the way for the looting of public property.
Bulgarian Parliament Speaker Mihail Mikov claimed that the government had taken too long to cancel the Act.
He suggested that the Public-Private Partnership Act was a mere compilation of the Obligations and Contracts Act, the Concessions Act, and the Public Procurement Act.
He reminded that Pavel Shopov from nationalist party Ataka had referred to this piece of legislation as Public-Private Pillaging Act because its goal had been to regulate the allocation of public money to private projects.
- » ECB Chief Mario Draghi says Bitcoin Not Mature Enough for Consideration
- » ‘New frontier’ Bulgaria Attracts Real Estate Investors
- » Investment Projects in Bulgaria for BGN 800 Million to be Launched
- » The World Bank Predicts Acceleration in the Growth of the Bulgarian Economy
- » Spain Moves to Suspend Autonomy
- » Investments in Bulgaria Halved in the Eight Months of 2017