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INSIGHT: Distribute that

INSIGHT: Distribute that

Bulgarian Development Bank will offer 100 million leva of taxpayers' money. Who is lining up for it?
Nov 14 2008 10:00 CET by Vera Denizova, Maria Ivanova

The Government's role is not to finance business. That is one of the principles of European Union regulations - breaching it is considered state aid and is penalised. But should the Government decide to pour some money into the economy, that can happen through banks. Whether it will go to the right people is impossible to predict. This is why the decision by the Bulgarian Cabinet to support small and medium business is being carried out through a fairly complex scheme.

The Toplofikatsiya tragedy

The chilling effect of the natural gas saga could mean heat on the Government
Oct 03 2008 10:00 CET by Siya Velinova, Vera Denizova

Frosty winter is around the corner and could bring the hottest season for the coalition Government. Because heating utility Toplofikatsiya cannot repay its debt for natural gas, the Government may be left out in the cold. Bulgargaz is under pressure to collects its debts so that it can pay Russian supplier Gazprom. Bulgargaz currently supplies more than 600 000 households

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