Bulgarian PM: When Merkel Talks, I listen

Bulgaria in EU | January 18, 2012, Wednesday // 09:48|  views

Bulgarian Prime Minister Boyko Borisov. EPA/BGNES

Bulgaria will seek support from Germany for decreasing the percentage of its national co-financing of EU fund projects from 20% to 5%, Bulgaria's Prime Minister Boyko Borisov has revealed.

Ahead of his Wednesday meeting with German Chancellor Angela Merkel in Berlin, Borisov reiterated that his country does not intend to contribute a greater percentage in national funds to co-financed EU projects than the more fiscally undisciplined member states, adding that Merkel's support would be crucial in achieving that.

"Bulgaria is among the three most disciplined states in Europe," Borisov pointed out late on Tuesday, as cited by the Bulgarian Telegraph Agency.

He explained that this potential measure could spare some BGN 600 M to BGN 700 M from Bulgaria's state budget, which can be used for research and innovations.

"Unlike other Prime Ministers, when the Chancellor speaks, I listen – and then we implement in Bulgaria the appropriate decisions suggested," the Bulgarian Prime Minister declared, pointing out his country's low budget deficit, low foreign debt and low inflation rate.

"That is why we are respected," he added.

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Tags: Angela Merkel, Boyko Borisov, Germany, budget deficit, foreign debt, co-financing, EU funds


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