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GERB vs. PP: State Property Sale Debate & Budget Revenue

by Emma Walker – News Editor

GERB Criticizes “We Continue the Change” Over Blocked State Property Sales

Sofia, Bulgaria – A political clash erupted today as Delyan Dobrev, a prominent member of the GERB party, sharply criticized “We Continue the Change” (PP) following the latter’s successful push to halt the sale of over 4,400 state-owned properties. The dispute centers on the potential economic benefits of privatization versus concerns about transparency and potential corruption.

Dobrev argued that PP’s actions will perpetuate the decay of abandoned state assets, turning them into havens for illegal activities and hindering economic advancement. He specifically cited abandoned barracks, dilapidated buildings, and deserted industrial sites as examples, suggesting they could attract European subsidies under current conditions for illegitimate purposes.

The GERB representative advocated for a public auction system utilizing an electronic platform, emphasizing its transparency and ability to secure the highest possible prices. He claimed firsthand knowledge of the platform’s functionality, stating it operates without clerical intervention and prevents undue influence on the bidding process. Dobrev estimates the sale could generate billions of leva in revenue, directly addressing budgetary shortfalls highlighted by Finance Minister Assen Vasilev.

Beyond immediate financial gains, Dobrev contends that private investment in thes properties would stimulate job creation, economic growth, and increased tax revenue. He accused PP of prioritizing political maneuvering over tangible economic benefits, dismissing their concerns about a “sale of the state” as hypocritical, given the extensive privatization that occurred during the 1990s and early 2000s, predating PP’s involvement in Bulgarian politics.

The properties in question are located throughout Bulgaria, wiht notable concentrations in former industrial zones and rural areas. The initial proposal, backed by the government, aimed to generate approximately 2 billion leva (approximately 1.1 billion USD as of November 2023) in revenue. The National Assembly is now expected to revisit the decision following GERB’s call for further discussion.

what are your thoughts on the privatization of state assets? share your opinion in the comments below.

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