Bulgarian Grain Producers Get Subsidies after FinMin Sacking

Politics » DOMESTIC | February 18, 2013, Monday // 15:39
Bulgarian Grain Producers Get Subsidies after FinMin Sacking: Bulgarian Grain Producers Get Subsidies after FinMin Sacking Bulgaria's Agriculture Minister, Miroslav Naydenov. Photo by BGNES

Bulgaria's Agriculture Minister, Miroslav Naydenov, announced that nearly BGN 1 B will be wired by 3:30 pm Monday to the country's grain producers.

He failed to provide details on where the funds will come from and if the move, aiming at preventing protest rallies of the farmers, would affect the State treasury.

"My job is to pay the money, not to find it," said Naydenov.

However, Rumen Porozhanov, Executive Director of the State Fund Agriculture (SFA), confirmed the money will come from the fiscal reserve, and the European Commission will later reimburse the amount.

Porozhanov added the funds will reach the grain producers no later than Tuesday morning.

It was reported earlier Monday that the official grounds for the surprising ousting of Deputy Prime Minister and Finance Minister, Simeon Djankov, was his decision to delay with up to two months the payment of subsidies to grain producers.

Reportedly, this has enraged Prime Minister, Boyko Borisov, who ordered to Djankov's Deputy, Vladislav Goranov, to find the funds.

Naydenov further declined commenting Monday if Djankov had been informed about these latest developments.

He thanked Borisov for intervening in favor of the grain producers, stressing that without his personal involvement the wire of the money would not have happened.

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: Agriculture Minister, Miroslav Naydenov, Vladislav Goranov, grain producers, subsidies, Djankov, Interior Minister, Tsvetan Tsvetanov, election campaign headquarters, Regional Minister, GERB, resigned, Simeon Djankov, finance minister, Deputy Prime Minister, PM, Boyko Borisov
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