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The dependence on Russia is detrimental not only to the power industry but also to politics

09 July 2014 / 17:07:06  GRReporter
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     The problems are not so much related to the current budget state but to the perspective of the bankrupt health, pension and energy systems.

     How will new government elections in the autumn affect Bulgaria’s economic stability in your opinion?  
     In general, the situation cannot worsen over time because we are in this vacuum of timelessness. Even if the parliament votes some laws in these last few weeks, they will apparently be extremely lobbying, not in favour of the general public but in favour of clear business interests. This is the risk of the work of this Parliament.
     I think the sooner the elections take place and a legitimate parliament and government respectively are elected, the better. It should have the support of the majority of voters because otherwise this cycle of the last year and a half may again start, namely an illegitimate government with a relatively low support that made ​​several missteps which totally swept away its reputation. The economy needs a stable political environment and perhaps growth in the first quarter would have been higher if this political crisis had not continued.
     The new government should start its mandate in a stronger and more convincing manner, and it must adopt the budget for next year, as it will have to work with this year’s budget otherwise. The new government will take the burden of all the wrong decisions that are now accumulating negative effects on the economy as a whole


Tags: Energy dependence on RussiaCorprorate Commercial BankFirst Investment BankBanking supervisionElections in October
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