Bulgaria's President Blames Govt for Lack of Predictability

Bulgarian President Rosen Plevneliev has accused the government of the lack of predictability in the adoption of laws and the introduction of fees and taxes.

Plevneliev took part Monday in a forum organized on the occasion of the 10th anniversary of the Economic and Social Council.

The accusations leveled by Bulgaria's head of state were triggered by the approval of the 20% tax on revenues of photovoltaic plants and wind farms by the parliamentary budget and finance committee.

The proposal for the changes to the Renewable Energy Sources Act was submitted by Volen Siderov, leader of nationalist party Ataka. On Saturday, representatives of the Bulgarian Socialist Party (BSP) and liberal party Movement for Rights and Freedoms (DPS) announced that they would back the measure in Parliament.

The proposal is to be put to the vote in Parliament on Tuesday.

Renewable energy producers staged a protest on Monday, stressing that the measure was unconstitutional and discriminatory and would ruin their businesses.

"Yet again Bulgaria faces a very serious problem, which certainly does not support investments in Bulgaria and does not contribute to the development of the nation," Bulgaria's head of state declared, as cited by the BGNES news agency.

Plevneliev said that this problem was the lack of predictability as regards actions of politicians.

He cautioned that it was not a good for the business climate to change fees and taxes overnight.

Bulgaria's President urged all state institutions to draw their conclusions from that decision.

"In order to have economic development, we need investments, and investments immediately create jobs. However, we need predictability for investments," he emphasized.

Plevneliev made clear that he would present his stance on Budget 2014 after he saw the final version which had been approved by Parliament.

He welcomed the agreement between the Bulgarian Socialist Party (BSP) and the liberal Movement fort Rights and Freedoms party (DPS) on a 10% cut to party subsidies, adding that it was a step towards the fulfillment of election pledges.

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