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 Records Budget Surplus of BGN 63.9 M as of End October
- » Parliamentary Committee Approves Bulgaria's 2016 Draft Budget
- » Bulgarian PM Calls on Mayors to Increase Taxes Due to Rising Security Expenditures
- » Bulgaria MPs to Vote on 2016 Budget This Week
- » Bulgaria Backs Nord Stream-2, Standing Up for Own Gas Hub Project
- » Liberalization of Energy Market in Bulgaria Likely to Lead to Power Price Hike