Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
Central & eastern EuropeSeptember 1 2014

Bulgaria's outgoing finance minister rallies for reform

Petar Chobanov spent little more than a year as Bulgaria's finance minister before the government resigned and he had to step down from his post. He describes the reforms that he started during his tenure and explains why it is important for the new government to continue this work.
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
Bulgaria's outgoing finance minister rallies for reform

Q. You and your government resigned on July 23, dissolved parliament and called for new elections on October 5. Why?

A. Our government was a minority government with the support of 119 out of 240 members of parliament. It was not easy to work in such an environment. The vast majority of ministers, as well as the prime minister himself, were technocrats. And, after the European elections, it became clear that one of the two parties that backed the government, the Bulgarian Socialist Party [BSP], couldn't achieve much public support and that the government should resign.

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial