Bulgaria Ex FinMin Accuses GERB of Ruining Top Project

Business » FINANCE | April 23, 2010, Friday // 11:03
Bulgaria Ex FinMin Accuses GERB of Ruining Top Project: Bulgaria Ex FinMin Accuses GERB of Ruining Top Project Bulgaria's former Finance Minister, Plamen Oresharski, says the last year of the term of his cabinet – 2008 - was the year with the best financial results in the 20 years of transition. Photo by BGNES

The cabinet of Prime Minister, Boyko Borisov, and the GERB party ruined Bulgaria's most promising project – the building of a nanotechnology center, according to former Finance Minister, Plamen Oresharski.

Oresharski, who was a member of the socialist-led Three-Way Coalition cabinet, says his government fought for 2 years to attract the interest of a company such as IBM while the current one of the Citizens for European Development of Bulgaria (GERB) party struck it without giving it a second thought.

According to the former Finance Minister, this nanotechnology center will be built in Romania where there isn't a debate about the benefits from such project.

Oresharski further informed the revenues in 2008 have been BGN 27 B while the expenditures amounted to BGN 25 B, adding the BGN 2 B surplus is money the current cabinet is now spending.

“2008 was the year with the best financial results in the 20 years of transition and would remain an example for a sound fiscal policy,” the ex Minister pointed out.

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Tags: Plamen Oresharski, nanotechnology center

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