"Thanks to our consistent and predictable policy, we have solid reserves that may guarantee the financial stability of the country, the national stability, the currency board and the savings of citizens," Prime Minister Sergei Stanishev said Monday in Veliko Tarnov, North Central Bulgaria.

Bulgaria proved to be more prepared for the crisis than many other countries, he added.

Stanishev was among the guests celebrating the patronal festival of Sts Cyril and Methodius University of Veliko Turnovo.

According to the Prime Minister, the anti crisis plan of the government is being constantly updated to include new measures, directed mainly at supporting the real sector rather than affecting capital outlays. In the last two months only, the Bulgarian Development Bank extended credits worth 250 million leva for the stimulation of production and protection of jobs in 120 Bulgarian companies.

The efforts are directed towards achieving the best solutions in a dynamic and complicated environment in dialogue with business, trade unions and the non-governmental sector.

Meanwhile, besides criticism, the opposition has not submitted any anticrisis plan, Stanishev also said.

Source: BTA