Bulgaria Coalition Member Demands FinMin's Resignation over New Debt

Business » FINANCE | February 28, 2015, Saturday // 16:25
Bulgaria: Bulgaria Coalition Member Demands FinMin's Resignation over New Debt Rumen Petkov. Photo by BGNES

The Alternative for Bulgarian Revival (ABV) is demanding Finance Minister Vladislav Goranov's resignation, the party's deputy chair Rumen Petkov has said.

Petkov told private TV station NOVA that the reason has been the uncertainty around BGN 16 B of new debt which Goranov is convinced Bulgaria will need in the course of the next three years to finance its deficits and payments of foreign debt.

Parliament overwhelmingly approved the move on Wednesday, and ABV also voted yes, prompting its leader President (2002-2011) Georgi Parvanov to announce he would resign.

But Petkov said on Thursday the party could not accept his resignation.

He also told NOVA TV on Saturday that a "promise" of Goranov, under which the cabinet would seek a BGN 2 B reduction of the debt if Parliament ratifies it, has not been included in the final version of the ratification.

A number of parties in Parliament that had fervently opposed the deal changed their stance after the minister made his promise. ABV, which has a minister in the government, was among them.

On Thursday Parvanov said they had approved the deal "due to a lack of communication", since he had been and still was firmly against it.

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Tags: ABV, Rumen Petkov, Vladislav Goranov, Georgi Parvanov, debt, Alternative for Bulgarian Revival
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