Bulgaria Finance Minister Owns BGN 2 M DC House - Report
Bulgaria’s Finance Minister, Simeon Djankov, owns a singe family house with yard appraised at BGN 2 150 000 in Washington DC.
The data comes from the Minister’s declaration submitted with Bulgaria’s National Audit Office (NAO) according to the Public Disclosure of the Property of People at High-ranking State Positions Act.
Djankov is repaying a mortgage in the amount of BGN 729 000 and has bank accounts with BGN 280 000. He also has shares in 5 US companies worth BGN 90 000 and a 4% share or BGN 108 000 in an environmental project in the area of the Bulgarian village of Apriltsi, near the northern city of Lovech.
The information is reported by Darik radio Thursday.
In an interview for the Darik site DarikFinance.bg, Djankov says all his assets are in the US and he does not invest in Bulgaria to keep his affairs “clean.”
The other Deputy Prime Minister, Tsvetan Tsevetanov, declared he and his wife acquired in 2008 2 apartments with garages valued at BGN 250 000.
The PM, Boyko Borisov, does not have any changes in his property status since he took the post in the summer after being Mayor of Sofia.
Economy Minister, Traicho Triackov, has shares in 13 Bulgarian enterprises, most in the “Euro Hold” company, and two bank accounts with BGN 100 000. He is repaying a mortgage in the amount of BGN 115 000 and a lease for BGN 25 000.
Regional Minister, Rosen Plevneliev, and his wife have acquired, since 2007 until now, a house appraised at BGN 3 M.
In 2009, the wife of Agriculture Minister, Miroslav Naidenov, has purchased a medical facility with a building permit in the northern city of Vratsa valued at BGN 136 000.
Health Minister, Bozhidar Nanev, and his wife have declared having assets in the amount of BGN 480 000.
In 2008, Culture Minister, Vezhdi Rashidov, and his wife have purchased 2 Mercedes cars for BGN 150 000 and a SUV BMW X3 for BGN 74 000. Rashidov has assets fro over BGN 1,5 M.
Sports Minister, Svilen Neikov, has 2 bank accounts with BGN 400 000.
All are Ministers of the ruling Citizens for European Development of Bulgaria (GERB) party.
"I wonder where this money is coming from"
As for Djankov, he worked for many years for the World Bank. Considering the World Bank salaries especially in management positions his assets seem not extraordinary to me. As for the others I don't know, but most of them are businessmen.
A real conflict of interest here is the case of the Minister of Economy. In many countries ministers (and especially when they deal with the economy) are not allowed to own any company shares. He has shares in 13 companies! Difficult to imagine that the value of his portfolio cannot, one way or the other, be influenced by political decisions for which he is reponsible. It would be better he would have given up on those shares when he became a minister.
If the declarations of the ministers are correct has to be seen. I have my doubts and it is quite for sure that we will see some surprises here in the future.