Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Financier Lyubomir Datsov: There is no excuse for the slow pace of the economy

Lyubomir Datsov
Photo: archive

“There ought to be no excuse, for anyone, for the fact that the pace of development in this country is comparatively slow,” financier Lyubomir Datsov said for the BNR, and added that the current administration is the only one in the entire period of transition in the country to have had a 10-year term of office.

He pointed out that for seven months there has been no discussion of how the economy and public finances will be restructured after the epidemic. To make up for that, “quantitative gifts” are constantly being announced, but “we should all be aware that they are taken from our taxes, or from new loans,” Lyubomir Datsov said. In his words it is about time all long-delayed reforms were started, and the money channeled to the restructuring of the economy. 



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

NSI: Household expenses up 13%; incomes up 15% in last quarter

In the first quarter of 2025, the average quarterly total income per household member in Bulgaria was BGN 3,271 (€1,672), marking a 15.2% increase compared to the same period in 2024. This data comes from the Household Budget Survey by the National..

published on 5/16/25 2:28 PM

Germany, Romania and Italy are Bulgaria's main trading partners in the EU

Bulgaria's main trading partners are Germany, Romania, Italy, Greece and France, which account for 62.5% of exports to EU Member States, according to NSI data. In February, exports of goods from this country to the EU decreased by..

published on 5/13/25 2:10 PM

Postponing the free electricity market for household consumers and how it will affect Bulgarians

The liberalization of the electricity market for household consumers and their entering the free electricity market, something companies did years ago, is being postponed. At least for now. The reform should have entered into effect on 1..

published on 5/12/25 11:03 AM