Bulgarian Banker Vassilev Claims to Contribute 10% of National GDP

Politics » DOMESTIC | January 31, 2014, Friday // 17:03| Views: | Comments: 2
  • Send to Kindle
Bulgaria: Bulgarian Banker Vassilev Claims to Contribute 10% of National GDP Tsvetan Vassilev. Photo by BGNES.

Bulgarian banker Tsvetan Vassilev's companies contribute more that 10% of the country's GDP, according to Vassilev's own assessment.

Friday German daily Handelsblatt published an interview with the Buglarian businessman, in which he commented on Bulgaria's business and political climate in the EU context.

"I employ 20,000 people in Bulgaria, and indirectly that number is over 150,000. My businesses make over 10% of Bulgaria's GDP. Given this, I know very well Bulgaria's true problems," said the banker.

Vasilev admitted that corruption is a grave ill in Bulgaria, but said this is something that politicians, rather than businesspeople, are to be held responsible for.

"The most serious problem in Bulgaria is that politicians think they are all powerful and untouchable. This will change sooner or later. The crisis speeds up those processes and the political system in Bulgaria will very soon change," concluded the banker.

Tsvetan Vassilev's Corporate Commercial Bank was the object of media attacks in 2012-3, after allegations that funds of Bulgarian state companies are heavily concentrated in the entity.

The banker has denied this many times recently.

Domestic » Be a reporter: Write and send your article
Tags: EU, Tsvetan Vassilev, New Bulgarian Media Group, Irena Krasteva, Plamen Oresharski, Delyan Peevski, GDP, corruption, State Agency for National Security, DANS, protests
Expats.bg All Are Welcome! Join Now!
Please, log in to post a comment.
» To the forumComments (2)
Tania Oz - 3 Feb 2014 // 06:37:42

What else would you expect from BORAT'S brother in Bulgaristan?

Philippe - 2 Feb 2014 // 18:56:14

What an arrogance to say this. Next time he will state that he owns 50% of the countries assets and crown himself tsar Vassilev.

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