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There is no immediate danger either to the currency board, nor to the exchange rate of the leva against the euro, nor even to Bulgaria's ability to finance its budget deficit and the repayment of its already maturing debt.

This was stated by the former Minister of Finance Milen Velchev

Milen Velchev was born in Sofia.

Graduated from international relations at VII "Karl Marx" in 1988 in the program "120 minutes" on BTV.

"As far as I know, the Finance Minister's report is about four years ahead, and I take it to mean that the 'red light' needs to go on now, not two years from now, when there is a potential danger of serious budget instability."

And now so that measures can be taken," he added.

He added that he expects some companies to have difficulties if high electricity prices remain.

Atanas Pekanov: There is no danger for the currency board, people should be calm

"I hope they will gradually normalize.

That's why the liberalization of the market is also important, because it will lead to better market conditions for everyone," said Velchev.

Milen Velchev

Milen Velchev was born in Sofia.

He graduated in international relations at the Institute of International Relations "Karl Marx" in 1988 and commented on the proposal of the Minister of Finance Rositsa Velkova for an increase in the minimum wage to BGN 940 per year.

"It seems over-ambitious to me, but if the calculations show that inflation is high enough to warrant such an increase at the time of the decision, then we can't leave low-wage earners miserable while prices continue to rise." he said.

Milen Velchev

CBA

budget deficit