Changing the level of the tax burden or specific preferences is not crucial for attracting foreign investments, newly appointed Deputy Finance Minister Stamen Tassev said at his first meeting with journalists.

Prime Minister Simeon Saxe-Coburg signed the decree for Tassev's appointment Monday morning. Tassev took over the province of former Deputy Finance Minister Gati Al-Jebouri, who resigned about two months ago. This includes Customs Agency, General Tax Directorate, Agency for State Claims, Tax Policy Directorate and Internal Control Directorate.

Foreign investors consider their strategic aims much more important than the level of taxes, Minister Tassev said, citing as an example American company American Standard.

In the opinion of Tassev the introduction of tax preferences for foreign investors would surprise the administration, which is not prepared for such a move.

He praised the customs administration, which - along with the increased imports - has brought growth in the customs revenues.

He vowed to continue the work of his predecessor, aimed at improved tax collection, reduced tax burden, low deficit and boosted business climate for investors.

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