News Review

Djankov fight oil prices with regulatory changes

With the legislative changes the government will try to influence the price of fuel.
"We'll change some of the regulations and some laws to enable a wider competition to reduce the price of fuel and relieve the market situation," said Finance Minister Simeon Djankov during his visit to Panagyurishte, told FOCUS Radio.
Djankov added that unfortunately can not be reduced excise duty, since the entry of Bulgaria into the EU signed agreements provide for its gradual increase.
"An error was scored to the agreement so as income and excise taxes must be proportional. Currently excise duty is below the minimum threshold. It is theoretically possible to ask for a reduction, but this should be a decision of the Commission and all other 26 states, "Djankov is recalled.
He explained that in nine countries to hold a referendum, ie It will not happen immediately. "The idea of using the national reserve also can not be activated because it must be carried out simultaneously by a large group of EU countries. A first meeting of finance ministers from the community until the middle of September," added the minister.
He said the topic of indebted municipalities. "The mayors of municipalities with poor financial performance should first look at what they can do to improve them, and then get angry at the Treasury. While I'm Treasury - will be so - the extra money will get financially healthy municipalities and it is specifically for capital expenditures. They will be scored on how to spend them, the rest will not receive additional funds. Pazardzhik Municipality is one of those who do not have a good financial rating. I had a meeting with the Mayor of Pazardzhik. He assured me that it would improve the collection of local taxes and receive more revenue. It is one of the top five mayors of municipalities in the country with problems. Glad to such conduct and advise mayors and other efforts to improve the financial performance of their communities, "said Djankov more.