We Have Real Grounds to Believe 4.5% Economic Growth Possible: Bulgaria’s CEDB Lawmaker

We Have Real Grounds to Believe 4.5% Economic Growth Possible: Bulgaria’s CEDB Lawmaker

“It is possible to reach an economic growth of 4.5%. I do not know if this will take place but we have real grounds to believe it,” said Menda Stoyanova, MP with mandate-holder Citizens for European Development of Bulgaria (CEDB) and Chairperson of the parliamentary Budget and Finance Committee, speaking for the Bulgarian National Television (BNT) on Sunday.
“If we look at the 2015 report, [we will see] there are grounds for optimism over such developments. We have a GDP growth of 3%, which against the background of previous years, when it was about 1%, is a good result for such a difficult coalitional way of governing,” Ms Stoyanova noted.
She commented namely the fact this growth had brought a higher growth of revenues meant several things – there was hard work done against smuggling activities and the informal sector had shrunk.
“A hard blow has been dealt to the informal economy in certain sectors, especially excise taxes,” the lawmaker stated.
In her words, people should by no means rely solely on European funds, which provide a sound basis for the economy to make a step forward.
According to Menda Stoyanova, there is “a lot of money” in banks in Bulgaria due to citizens’ deposits and matters related to granting loans.
“However, business is afraid; it is a very timid thing and relies on stability of the government,” the parliamentary official remarked.

FOCUS News Agency

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.