Bulgarian Deputy PM: Govt Must Support Innovation
The small and medium business in Bulgaria needs the support of the government and society, believes the Deputy Prime Minister Daniela Bobeva.
"Often, governments are too involved with the big corporations, while the small and medium businesses are left to survive on their own", Bobeva said during the 17th Eurasian Economic Forum in Istanbul.
The main theme of the forum this year was sustainable development and local government.
The Deputy PM stressed that innovations must be stimulated, through strict anti-monopoly laws, protection of competitiveness of the market, and low startup taxes.
Bobeva believes that the macroeconomic factors in Bulgaria are favorable, with one of the lowest public debts and budget deficit in the EU. However, she points out the high unemployment rate and the discrepancy between education and the labor market as worrying tendencies.
- » Bulgaria Regrets Russia’s Decision to Quit South Stream - Ambassador
- » Bulgarian Ambassador Vows Visa Simplification for Russian Tourists in 2015
- » Gazprom Approves Capital Increase of South Stream Transport B.V.
- » Reuters: Bulgaria to Open Eurobond Sales Roadshow on 16 March
- » Bulgaria Coalition Member Demands FinMin's Resignation over New Debt
- » Bulgaria’s Gross External Debt Exceeded EUR 39.5 B in end-December 2014