11 December 2025 | 18:06
The Head of State receives the Minister of Internal Affairs and Security of the Republic of Korea
NEWS
Rosen Plevneliev tells CNN: Governments ought to spend according to what they have, not according to what they want
2012-05-27 20:00:00
Governments should spend according to what they have, but not as much as they want. This is the way to achieve a better balance between measures to curb spending and to promote economic growth, President Rosen Plevneliev said in an interview with CNN World Report, broadcast on May 26. To make progress, first you must have stability, the President said. In his words, Bulgaria's macro-economic stability achieved in recent years is the basis for sustainable growth. However, it is the result of much effort and structural reforms.
“We're not perfect. Unemployment reached 11.5%, while economic growth is only 0.51%. Many politicians talk about growth, but my opinion is that growth cannot be bought and cannot be based on new debt at the expense of future generations,” President Plevneliev told CNN.
MORE FROM NEWS
9 December 2025 | 21:09
Italian businesses make an important contribution to the growth of the Bulgarian economy and the development of its competitiveness and modernisation. This was stated by Head of State Rumen Radev during a ceremony at which he awarded the Honorary Presidential Medal to Roberto Santorelli, President of Confindustria Bulgaria.
9 December 2025 | 12:12
Head of State receives Christopher Smith, Deputy Assistant Secretary of State for Europe and Eurasia at the US Department of State
4 December 2025 | 20:08
We hope that the RNM will stop using the Bulgarian community as an alibi to not carry out the reforms leading our country towards the EU, representatives of the Bulgarian community in our southwestern neighbour urge at a meeting with the head of state