15 June 2026 | 18:06
Statement by Head of State Iliana Iotova
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
11 June 2026 | 18:06
For projects aimed at improving connectivity between Bulgaria and Turkiye must be viewed as a whole, to be successful, and within the context of closer cooperation in Southeastern Europe. This will bolster both economic development and security in the region, whose strategic importance is growing. This was stated by President Iliana Iotova at a meeting with Turkish Foreign Minister Hakan Fidan, who is on a formal visit to Bulgaria.
10 June 2026 | 21:09
Albulena Haxhiu expressed her gratitude to President Iotova for Bulgaria’s support on Kosovo’s path toward membership in NATO and the European Union.
10 June 2026 | 21:09
Iliana Iotova raised the issue of depopulation in the area along the Bulgarian-Serbian border and highlighted the need for investment to counter the adverse demographic trend.