THE PLAN AND THE MEASURES - WILL THEY UPDATE THE ARCHAIC BULGARIAN ECONOMY?

"Measures in support of business and employment are coming to their end. The new contribution of the current government is to model a new support product - unsecured and easily accessible financing for companies up to BGN 2.5 billion", the chairman of the Bulgarian Industrial Association Radosvet Radev stated for BNR. 

According to CITUB President Plamen Dimitrov, the measures should continue until the end of the year:

"All Member States will do it en masse. Therefore, the measures must continue and be balanced." 

"We take the 24th place among 28 countries in terms of employment, and the 17th place for attracting investments. However, due to insufficient measures and due to specific Bulgarian processes, our economy is currently less competitive than before the crisis," Radev underlined. 

The two also commented on the Recovery and Sustainability Plan. According to Dimitrov, it is necessary to balance between grants and loans. Radev pointed out that the plan has a short duration, and the vigorous defence of Bulgaria's positions is essential. According to him, we need a total reshaping of our archaic economy. 

The finance ministers of the world's seven strongest economies have agreed on a minimum global corporate tax rate of at least 15%. According to Radosvet Radev, this comes as a reaction to the large international corporations that use tax havens. 

"It will be technologically difficult to reach this decision. Some can trace the tax future. We have to be pragmatic - this slogan will be difficult to turn into an effective policy."

Dimitrov pointed out that there will come a time with a single minimum corporate rate in the world.

"Bulgaria needs to rebalance taxes."