Chair of Bulgarian Industrial Assoc. Urges Swift Reforms in Administration, Pension System

Novinite Insider » OPINIONS | November 21, 2014, Friday // 19:36| Views: | Comments: 0
  • Send to Kindle
Bulgaria: Chair of Bulgarian Industrial Assoc. Urges Swift Reforms in Administration, Pension System Bozhidar Danev, Chair of the Bulgarian Industrial Association (BIA), photo by BGNES

Bozhidar Danev, Chair of the Bulgarian Industrial Association (BIA), has recommended swift reforms in the sphere of administration and the pension system.

In an interview for Bulgaria On Air TV, Danev suggested that the only efficient solution in a situation of decreasing budget revenues was to cut expenses.

“Unfortunately, the budget update not only fails to cut costs but it increases them, with the resources mostly going to the administrations of certain ministries,” he stated.

He claimed that the impact of the crisis triggered by Corporate Commercial Bank (Corpbank, KTB) would be felt in 2015, 2016, and 2017.

“The crisis at KTB is a litmus test for the functioning of the judicial system,” Danev declared, adding that the case provided an unprecedented opportunity for uncovering corrupt practices.

He condemned the proposal for merging the National Revenue Agency and the Customs Agency and predicted that it would result in a steep decline in receipts.

To illustrate his point, the BIA Chair said that the UK had incurred substantial losses as a result of such a move.

“Closing 2014 will be very difficult, which presupposes a very rough beginning for 2015, but let us hope that the government will stick to the reform plan cited in its program,” Danev noted.

Opinions » Be a reporter: Write and send your article
Expats.bg All Are Welcome! Join Now!
Advertisement
Advertisement
Please, log in to post a comment.
» To the forumComments (0)
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria