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We need a good diagnosis of the Bulgarian economy: Prof. Daniela Bobeva

Daniela Bobeva
Photo: BGNES (archive)

"In the economy we have a momentum in trends. It does not succumb so easily and quickly to political changes," former Deputy Prime Minister Prof. Daniela Bobeva, an economist and financier, told BNR in response to a question about whether there is a danger to the Bulgarian economy in the event of new elections. 

According to her, it is not good at the moment to shift the entire focus of the government to the Recovery Plan. "EU money will not come this year, we must rely on our own budget," Bobeva stressed, adding that the most urgent thing was to make a "good diagnosis of the state of our economy."

Identifying the main problems facing the Bulgarian economy, she pointed to the projected growth of 2.5%, much lower than the EU average, as well as foreign and domestic investment, which decreased by 10-20% per quarter. 

"If we don't have investment, we don't have economic growth," she said. 

There is also a need for a shock reduction of administrative burdens and the introduction of e-government. "Difficult times of delayed reforms await us," she said.

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Radio Bulgaria Economy    Bulgarian economy Daniela Bobeva economic growth EU Recovery Plan Recovery Plan

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