Caretaker PM: Finance Ministry proposing to take 1.4B euro away from ‘Borissov-Peevski piggy bank’

The Minister of Finance is proposing, as an anti-corruption solution, to withdraw 1.4 billion euro from the piggy bank of the Borisov-Peevski model, the Bulgarian Development Bank (BDB), caretaker Prime Minister Andrei Gyurov said on April 22.

Gyurov was speaking at what is scheduled to be the final meeting of the caretaker government, following the April 19 early parliamentary elections and with the new National Assembly pencilled in to sit next week, with the election of a new government among its first tasks.

The elections saw victory for ex-president Roumen Radev’s party, while the parties of GERB-UDF leader Boiko Borissov and Movement for Rights and Freedoms – New Beginning leader Delyan Peevski were relegated to the opposition benches. The 2025 Zhelyazkov government was widely seen as controlled by Borissov and Peevski.

“For eight months, 1.4 billion euro have been languishing in the piggy bank of the Borissov-Peevski model,” Gyurov said.

“We will withdraw this money from the BDB – before it has filled someone’s pockets, before it turns into yet another uncollected loan. And we will return it to the taxpayers,” he said.

He highlighted the many opportunities for these funds to be directed to the benefit of Bulgarian citizens – for more modern hospitals, medical helicopters, science classrooms in schools or modern nursing homes in which the elderly live with dignity.

The caretaker government will not spend these funds, he said.

“We will let the next regular cabinet choose what to do with the money – we hope they will do it transparently and in front of everyone,” Gyurov said.

Gyurov cited the record debt taken out by the previous government before it was overthrown by protests.

“It locked part of it in the BDB – the bank with wide fingers and a short memory, the bank that gave out huge loans and never asked for them back.”

He said that when billions of euro are sitting in the dark, without a purpose, they become a temptation, a fast track for large loans, a piggy bank from which one draws to save political destinies.

“Bulgarian citizens have seen this, lived it and protested against it,” Gyurov said.

(Photo: government.bg)