Standart News

?The banks in Bulgaria should reduce the credit interests by 3-3.5%,? stated Finance Minister Simeon Djankov in the coastal city of Varna.
?For the first 100 days of the new cabinet the external risk of Bulgaria has dropped by 3-3.5 points. This means that with a delay of about four months the banks in Bulgaria should reduce the interest rates by the same percentage,? Minister Djankov explained.
Minister Djankov expects about ten proposals of the banks in Bulgaria by next Wednesday. One of the already commented ideas is the emission of euro bonds and the other is the unfreezing of payments to the business that deals with construction projects, especially in infrastructure. Minister Djankov reminded that for the first time in October Bulgaria has a balanced budget as the revenues in October increased by 55 million levs (1euro-1.95levs) compared to September. Bulgaria is the only country with a balanced budget in the EU. Bulgaria new cabinet was highly estimated for the best fiscal policy in Europe in a report of the EU that was published three days ago. All this means a faster admittance to the Eurozone.
Krastina Manginova