Bulgarian Economist Warns: Raising Taxes Won’t Solve Deficit, Efficiency Is Key
Economist Dimitar Chobanov has stressed that Bulgaria should focus on adjusting public spending rather than raising taxes
"It is necessary to assess the status of regulations. There are enough resources and that was our advice to the Minister of Defense," Parvanov stated. Photo by Sofia Photo Agency
Bulgaria President Georgi Parvanov has called for tighter controls on Bulgarian army spending “that have probably not been in place during the transition years.”
Parvanov , speaking late Monday in Varna, said that the new center-right GERB government’s program for modernization of the army needs optimization and that GERB should reduce the number of redundancies in the army to a minimum. "It is obvious that at this stage we can not fulfill all those ambitious goals we have set for ourselves," he added.
"It is necessary to assess the status of regulations. There are enough resources and that was our advice to the Minister of Defense," Parvanov continued.
In connection with the incident when 3 children died in an improvised bomb blast at a Krumovgrad orphanage on Saturday, Parvanov said that control over the ammunition must involve not only military but also in social institutions themselves.
Parvanov concluded "I obviously would like the country’s recovery from the financial crisis to be shorter. But my feeling is that 2010 will pass under the shadow of the crisis.”
The European Commission has recommended a new submarine cable connecting Bulgaria as part of its Cable Projects of European Interest (CPEI), under the EU’s Action Plan on the Security of Submarine Cables
The Ministry of Defense has launched a public procurement procedure for the maintenance of Bulgaria’s Soviet-era MiG-29 fighter jets, allocating a total of EUR 58 million for a comprehensive overhaul
Italy will fund the construction of temporary infrastructure for a NATO battlegroup base in Bulgaria, after Bulgaria’s parliamentary defence committee approved the agreement
Bulgaria’s role in the Black Sea region is becoming increasingly significant as part of NATO’s southeastern flank and as the Alliance’s main access point to the Black Sea, according to a new report by the international think tank GLOBSEC, released on Mond
After months of unexplained delay, the Council of Ministers on Wednesday cleared a key investment project for the Bulgarian Armed Forces, giving the green light for the purchase of modern coastal anti-ship missile systems
Bulgaria holds the 62nd position worldwide in the military power index, according to the latest assessment by the online platform Global Firepower.
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