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Borisov has allowed "Putin’s bank" to invade Bulgaria with a bang

31 October 2014 / 12:10:07  GRReporter
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Polina Spartyanova

Ivo Indzhev is a Bulgarian journalist who has worked in a number of Bulgarian media as a reporter, presenter, editor and director. From 2008 to present, he has been writing his own blog on political problems, analyzing and commenting on current events in Bulgaria. Meanwhile, he has published six books inspired by his online platform Ivo Indzhev was nominated by Kostadin Stoilov for the annual prize of the Bulgarian Helsinki Committee "Man of the Year" on the grounds that "In the current severe situation in our country, by his striking journalistic position, journalist Ivo Indzhev is fighting against some of the most dangerous enemies of democracy and human rights, namely populism, lies and deception, apathy and denial."

How do you evaluate the current state of Bulgaria?

The state of Bulgaria is evaluated by the national trust exchange as a "continuing decline" of shares within the context of the public response between voters and politicians. This is apparent from the record number of those who are unwilling to participate in the voting.

Do you think that voting should become compulsory, as is the talk in some political circles? What could be achieved with such a measure?

I understand the advantages of compulsion for those who would benefit from the outcome, but I do not believe in its effectiveness, especially in a country where votes are being spectacularly wholesaled. If this is possible (with a growing impact on discrediting voting itself as an authentic process), there is no obstacle for the market dealers who trade with the servile mentality of those who sell their vote to feint the compulsory voting.  

How do you interpret the phenomena that almost 50 parties in 8 formations have entered the Parliament after the elections?

This is the result of frustrated people wandering in search of a representation and reluctance on their part to put in the hands of one ruler too many levers to arbitrarilyy govern the country. In this sense, due to all that drama, we are witnessing some sobering in terms of the "Messiah" (which was implied by President Pevneliev).

What government should be formed in order for Bulgaria to emerge from the political crisis?

It should be a government that cannot be formed in this Parliament, which is a projection of the moods and bitterness that I have mentioned in response to the previous questions. We need a real European government, rather than one that is dominated by speakers of European development who are growling in line with the Russian bear against the common European policy on energy, through which Moscow brought Bulgaria to its knees even during the Soviet colonialism, continuing to keep us in this position in today's post-colonial period.

Has the political crisis led to the banking and economic crisis in the country? What has caused them?

The political crisis is permanent, which is evidenced by the fact that no power repeats its mandate. As far as I know, there is no banking crisis yet, to the contrary, Bulgarian citizens are continuing to fill the banks with their savings, instead of investing in the economy, which obviously does not attract the people due to its mafia mechanism of distribution of "portions". It is in this regard that state guarantees are needed in order to improve the business climate, since, without this, Bulgarians will continue to prefer not to risk being blackmailed by "rings of companies" if they embark on the adventure of entrepreneurship.

Are there other "bad apples" in the Bulgarian banking sector in addition to Corporate Commercial Bank (CCB) that are threatening the economic stability of the country?

There is a very big "apple", stinking of Russian corruption. It is called Foreign Trade Bank of Russia, the second largest in that country, known worldwide as "Putin’s bank". It invaded here with a bang during the government of Borisov and started buying (in tandem with CCB) the delicious remains of the Bulgarian economy. If Borisov becomes Prime Minister again and does not confront it, this will expose him as the destroyer of modern Bulgaria, despite his claims of being a builder (of kindergartens and highways).

What is your opinion about the decision of the interim budget commission in the Parliament to recover the CCB instead of failing it?

It is never a bad day that hath a good night, and the same is true for the parliamentary future and the first voting. Since the Citizens for European Development of Bulgaria (GERB) party and the Movement for Rights and Freedoms (MRF) stopped hiding their eternal friendship at the very first moment, what else lies in store for us!

What measures should the new government take to restore political and economic stability in Bulgaria?

Frankly speaking, I do not give advice without a request. After eight years without a permanent job and of community service as a blogger (having nearly 22 million visits and nearly 4,000 own publications), I am less inclined to continue giving free advice. If those who are ruling wish to, they can contact me on

Tags: Foreign Trade Bank of RussiaPutin's bankBoyko BorisovIvo IndzhevCCBPresident Plevneliev
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