Bulgaria's Finance Minister Simeon Djankov has announced that no state money will be given for the Belene nuclear power plant and there will be no guarantees for its construction.
Well, Mr. Djankov has just let the skeleton out of the cupboard in the Belene NPP case!
So the strategic German investor is waiting to go public with his intention to invest in Belene,fully aware that the Bulgarian State will not, or cannot afford, to guarantee the plant's completion or construction. Moreover, the Bulgarian Government has never intended to go ahead with Belene NPP, but has been speculating in "strategic" investors to finance it and Russia to deliver the technology on credit.
What a genius project ! How can any investor be hesitant to such generous conditions and opportunities to make sound profit?
No German investor will announce any interest this week or the next...or the next thereafter, or... Nor will there be any investors for F1 or the Kremikovtzi scrapyard.
It is true that foreign property investors and EU officials were caught up in sympathy for an emerging new "democracy". Billions of Euros were stolen and lost in corruption and fake projects, while the statistics from the Bulgarian property market were fabricated and fake .
The Fireman got a lot of undeserved political support for his intention to fight corruption and organized crime,but he and his Government have failed to deliver. The corruption is even worse than before and organized crime is vital as ever.
But never before has the international community seen more, absolutely insane. Bulgarian projects announced- F1, New Jerusalem, Kremikovtzi etc... to many to mention. but they have all been launched by Government or Parliament officials.
The Bulgarian Village Miracle healers and clairvoyants have somehow made their way to the Government.
I am sorry, Jerry, but I do not think the Chinese investor is "real". If he is real ,he could have approached the owners with an offer without waiting for the auction. The first auction did not attract any bidders or investors , and there is no reason to believe the second effort will.
The owners now hope for investors/bidders foolish enough to buy thousands of tons scrap and outdated technology for a minimum 450 mill. It is an old Bulgarian trick to make false announcements of great value and interest.
We have seen F1 investors, Belene, New Jerusalem, Louvre of Sofia etc. one project more insane and unrealistic than the other, but they have one thing in common- no investor,group or potential buyer have come publicly forward and declared interests. It is sad to notice that the Bulgarian Government is now using the tactics of street corner con-artists to attract "naive" foreign investors. It has not worked particularly well so far, and it wont in the future.
When the Chinese investor publicly announces his intentions then there might be some interest. Anyone familiar with EU legislation and rules knows perfectly well that take-over bids or multi-million industrial investments are not made in a backyard coffee-bar in Sofia, but in full transparency and within EU standards.
Bulgarians too often put their hopes in magic, miracles and fairy tales, but it is 2010 now and it is time to put away the crystal balls and the miracle makers. Some common sense would not hurt anyone these days.
Certainly it is political dirty laundry being made , but nothing more than GERB can expect.
The Consevatives has delivered evidence, and the GERB Member is publicly discredited.
But there are more skeletons in the cupboard and we expect GERB and the Government
to launch some pretty desperate counterattacks as the pressure builds up
Mr. Borisov and Tsvetanovs efforts to "damage" the President's reputation, by accusing him of being Mafia Godfather and political 5th columnist, are unprecedented in EU and have removed all expectations of Bulgaria as a serious partner in EU.
Well done and most deserved! It proves that the Bulgarian Judiciary is not entirely corrupt and serving organized crime as Mr. Tsvetanov is insisting.
This is not good !
Tsvetanov, where are you?
Enemies of the state have open and unprecedented meetings with EU ambassadors, and even an US ambassador is involved in the plot. Call in the troops for some media action now- and have these 5th columnists kneel in the street. The authority of the state has been challenged and we expect some strong actions. But be cautious, not even journalists, reporters, camera crew and policemen cannot be trusted these days !
On the other hand, it is important to maintain normal political ties with EU while the mavericks in this GERB government are working for the entertainment industry!
Certainly, Tsvetanov, The Bulgarian President Parvanov is the Godfather of all Mafia families in Bulgaria and you should immediately go ahead and have him arrested !
Evidence ? Who cares ?
It must be a worldwide conspiracy of all evil and crimes to destroy Bulgaria and you are right - keep on the good fight ! And be patient- there is a cure and treatment for almost any condition-help is at hand.
We are anxiously waiting for the grand scale police operation where the Interior Ministry arrests any one in opposition , including The Bulgarian President.
Meanwhile - what happened to Properties by Helicopter? Did NRA realize that the pictures from Sofia also included properties belonging to 2 members of Cabinet/Government and a senior official in NRA ?
If the talks for the forming of the international consortium and the role of the Bulgarian government work out, FIA head Bernard Ecclestone should be expected in Sofia to sign the contract for the Bulgarian Grand Prix as of 2012 between November 15 and December 15, Nikolov said.
Yes, of course Bernie will be thrilled to come and sign the contract in December.
I strongly suggest Sofia News to contact Mr. Ecclestone directly for a comment.
He is known to be a hard-line business man and he would certainly be interested in signing a contract with a consortium that has not raised a cent to invest- only wild intentions.
But then there are some ifs and reservations here- and that is the best part of the project.
The expected investment of the consortium in the Bulgarian Formula One track project could surpass EUR 1 B, including not just the circuit but an entire new town north of Sofia with 7000 luxury villa and a number of entertainment and shopping venues.
Oh no, not again!
The track with all facilities, infrastructure, a new town with 7000 luxury villas etc... All ready to go for the 2012 F1 season ?
The Bulgarian authorities are often with the fairies, but now they have got company-if not competition. Another con to attract naive investors - "make money from nothing" ?
We have entered an area of really high-flying insane projects in Bulgaria where miracles are presented every second day.
Who is willing to bet that the F1 project will go ahead ?
Well, well, who is surprised ?
An investor has stated interest in NPP and will look into the project. No promises and no declarations of intent so far.
But the official Bulgarian version is totally different. A strategic investor has been found and the Parliament speaker has even assured NPP will be financed.
It is a wise move by the Bavarian official to keep a low and sensible profile, and leave it to the Bulgarian authorities to make fools of themselves as in the F1 case.
I hope the Bulgarian Conservatives can deliver credible evidence to back up these serious allegations, otherwise they will backfire.
Denying and rejecting all critics and allegations is what we can expect from the Interior Minister, but he has made himself a political liability for the fragile Government. He has been the advocate for spectacular ,public police actions against organized crime and corruption, but he has achieved nothing but made it impossible for the Judiciary to work properly. Not all judges are corrupt and certainly they cannot bow to the Interior Minister and pass sentences ordered by him.
Again, the Conservatives should keep up the pressure, but they have to deliver
50% more Chinese Tourists in Bulgaria
Potentially Defective Aluminum was used by All Car Manufacturers in Japan