Bulgaria Loses Billions Annually Due to Delayed Schengen Membership, Warns Economy Minister
Bulgaria stands to lose approximately BGN 1 billion each year due to its continued exclusion from full membership in the Schengen area
Bulgaria's Prime Minister, Boyko Borisov, said that his government might increase the salaries and retirement pensions in 2010 if the economy manages to overcome the crisis.
"If in 2010, Bulgaria's economy starts working, Bulgaria overcomes the crisis, and regains the trust of the EU institutions in Brussels, then we could talk about raising the salaries and the pensions," Borisov said, asking rhetorically where he could get the money for that now when the Stanishev government had left him with a sizable budget deficit.
"People will understand me if they want to do so," Borisov declared saying that thanks to his predecessor Bulgarian might end up with a deficit of BGN 3 B at the end of 2009.
"Stanishev is neither a prophet, nor is he stupid; he just knows that in July 2009 the Bulgarian state was already in a state of bankruptcy," the PM said in response to the statement of the former Prime Minister that the new GERB government was going to freeze the salaries and the pensions.
"If the Bulgarians want to have Bulgaria become again the most corrupt and poor nation in Europe, and to have Brussels keep blocking the EU money, they should restore the three-way coalition to power", Borisov said at the opening of a construction hypermarket in Sofia.
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