Bulgaria New Government to Shut Down All State Agencies

Politics » DOMESTIC | August 31, 2009, Monday // 08:41
Bulgaria: Bulgaria New Government to Shut Down All State Agencies Bulgaria's Prime Minister Boyko Borisov (L) and Finance Minister Simeon Djankov (R) are mulling plans to dissolve all state agencies. Photo by BGNES

Bulgaria's new finance minister has announced plans to close all state agencies, to be replaced by directorates with the ministries, it emerged on Monday.

"Bulgaria currently has a dozen agencies, all of which are located in the capital Sofia. We will shut down all of them, outsourcing some of the services across the country. The state officials are not expected to just sit behind their desks all day, they should go in the province and do some real work there," Minister Simeon Djankov told the morning broadcast of national bTV channel.

"I have discussed this proposal with Prime Minister Boyko Borisov, who welcomed the idea," the minister said.

He pledged that the new government will implement reforms that have been badly needed but not executed for the last twenty years.

"Reforms should be made in the first days after coming into office, this is a lesson I have learnt at the World Bank," said Djankov, who is a World Bank economist.

Earlier in the month the government of GERB party, which swept the general elections on July 5, said it plans to dissolve a mega-structure, which groups all big state-owned energy firms.

The Bulgarian Energy Holding was created in 2008 with the merger of five state-owned companies - the National Electric Company NEK, the gas monopoly Bulgargaz, the Maritza Iztok Mines, the Maritza Iztok 2 Thermal Plant, and the Kozloduy Nuclear Power Plant into a EUR 4 B energy giant.

The holding is a sole owner joint-stock company with a 100% Bulgarian state ownership.

The economic team of the center-right government has also said it might list a minority stake in major energy companies on the Bulgarian stock exchangРµ.


We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Domestic » Be a reporter: Write and send your article
Tags: Bulgarian Energy Holding, Boyko Borisov. Petar Dimitrov, Rumen Ovcharov, Simeon Djankov
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria