Bulgarian Empire

After the auction, Constantine, who was in a good mood, attended the evening banquet in person and had a close communication with the capitalists who participated in the auction.

Of course, that's all. In order to prevent collusion between officials and businessmen, the Bulgarian government forbids officials and capitalists from having in-depth contacts. Naturally, Constantine will not really become friends with capitalists.

He personally attended the banquet, nothing more than to show his favor to the Russian capitalists, saying that the Bulgarian government would treat them equally and would not suppress foreign capital.

As for the preferential treatment? I'm sorry, but Bulgaria has never said that it treats capitalists preferentially, not at home, and naturally not abroad!

The Russians are well aware of these situations, and the economic integration of Bulgaria and Russia is not just a slogan. Before the outbreak of the world war, the economies of the two countries were really integrated.

Of course, it has been divided now. Taking advantage of the opportunity of the world war, the Bulgarian government has taken over more than 90% of the country's enterprises. Isn't it easy to adjust?

More than two years have passed, and the economic relationship between the two parties is naturally not so close, but the ties are still indispensable.

Bulgaria's economic policies have always been the target of criticism from Russian capitalists, especially the government's forced intervention in the market, strict enterprise laws, and labor protection laws, which they detest.

But now they hope that Bulgaria's laws will be stricter, because although these laws harm their interests, they also protect their interests at the same time!

It is precisely because they know too much that Russian capitalists dare to invest their capital here. Without Ferdinand's butterfly effect, most of them would have fallen under the butcher's knife of the Soviet Union, and most of the rest would have fled to the United States, where they were basically swallowed up in the end.

...

Constantine said happily: "Your Majesty, this is the detailed information of our auction, which is 15% higher than the estimate of the Ministry of Finance, raising a total of 5.75 billion levs (about 230 million pounds)! "

Ferdinand nodded with a smile, took the document and read it carefully.

For the government, it doesn't matter whether all these enterprises are in their own hands! Even if they were sold to capitalists, these factories remained in Bulgaria and would not affect Bulgaria's national strength.

Instead, the government got rid of these burdens, and was able to recover a sum of funds through auctions and invest them in new areas of national construction.

This is the helplessness of state-owned enterprises. They have many advantages, but there is only one real fatal shortcoming-economically uneconomical!

Many enterprises that can make money in the hands of capitalists will lose money in the hands of the government. No matter how strict the supervision is, as long as it is not a profiteering industry, it will lose money!

If it wasn't for the purpose of ensuring the government's control over the country, Ferdinand would not mind turning all state-owned enterprises into private enterprises, so that the annual tax revenue could increase a lot.

Of course, you can just think about it, if you really sell all of them, there will be big troubles in storage!

For example, if the Bulgarian Railway Company is handed over to capitalists to operate, its profits may increase by three to five times. As a result, many unprofitable railway lines will be shut down.

But since these economically worthless lines have been built, they are naturally for national defense and security. For the government, the military value is often more important than the economic value.

There are not many materials. After a cup of tea, Ferdinand finished reading the materials, and then said with a smile: "Well, not bad! The restructuring of state-owned enterprises is progressing smoothly, but you will continue to make further progress in the later stage. Guarantee the smooth handover and transition of the enterprise!"

"Yes!" Constantine replied

After thinking for a while, Ferdinand asked again with concern: "How does your government plan to use the funds obtained from the sale of the enterprise?"

For a country, the money in hand is not money, it is real money only when it is spent and benefits are produced!

Constantine replied confidently: "Your Majesty, the government plans to invest this money in infrastructure construction.

It mainly includes three aspects:

First, the Balkan Ring Railway Project connects the entire Balkan Peninsula with railways, mainly in Romania, Transylvania and Bosnia and Herzegovina. The Ministry of Communications estimates that 12,000 kilometers of new railways will be built to complete this plan;

Second, the Asia Minor peninsula development plan, we will continue to build the Baghdad railway that the Germans did not complete, and extend it to the Persian Gulf area. If the branch lines along the way are counted, the total mileage of this railway will reach 42,000 kilometers;

Third, open up wasteland. After the end of the world war, our government has added a lot of land. To develop them, capital investment is indispensable in the early stage! "

Sure enough, the money is still so wasteful! There are tens of thousands of kilometers of railways to be repaired, and hundreds of thousands of square kilometers of land to be developed. This huge sum of money will soon be swallowed up.

Even Ferdinand believed that even if all the debts for war reparations were sold, the money he got would not be able to withstand the government's toss. Who made him want to develop Asia?

How can the cost of operating the colony as a native land be so low? Just a traffic problem is enough to make people crash!

Fortunately, Bulgaria now has a big family and a big business. Unlike in the past, when building thousands of kilometers of railways, you have to raise funds everywhere. Now it is tens of thousands of kilometers of railways. If you put it in the past, it would be unthinkable!

Ferdinand nodded and said: "Yes! The government's development idea is correct. Traffic is indeed a big problem. Let the Ministry of Communications organize experts to conduct field surveys as soon as possible, determine the railway line, and strive to start all construction before the end of 1918!"

The railway exploration work in the Balkan Peninsula is still easy to complete. After all, the previous Austro-Hungarian Empire also had a similar railway plan, and some railways have been built. What Bulgaria needs now is to connect these branch lines in series.

The Asia Minor Peninsula, Syria, Palestine, Iraq, and the Persian Gulf are in big trouble. The poor railway left by the Ottoman Empire can be ignored, even if Ferdinand is demolished.

If within five years, Bulgaria can repair the main railway line to the Persian Gulf, Ferdinand will award a medal to the Ministry of Communications, and within ten years it can run through the Arabian Peninsula, then this century will be Bulgaria's century!

At present, Ferdinand is not sure whether it can be completed. Now it depends on how strong Bulgaria's bureaucratic system is. If they can still maintain the fighting spirit they had when building their home country, then this problem will not be a problem!

Constantine immediately replied: "Yes! Please rest assured, Your Majesty, we will definitely implement it as soon as possible and strive to start work before the end of the year!"

Ferdinand thought for a while and added: "The government will prepare a new five-year plan. If there are no accidents, we will be able to sell our debt within this year!"

How much money you have to do what you do is the status quo of the Bulgarian government! It's not that Ferdinand didn't want to make the Great Leap Forward, it's that he didn't dare to do it!

Blindly developing industry, other domestic industries did not catch up. When the economic crisis broke out, the company suddenly lost its overseas market, the domestic market did not grow, and the government owed a huge amount of foreign debt. The consequences were simply unimaginable!

Given Bulgaria's national conditions, once that fatal economic crisis occurs, prepare for war!

Ferdinand is not afraid of fighting, but the question is who to fight? What's the benefit of winning?

What Ferdinand can be sure of is that it will not be able to fight Britain and France!

First of all, there is not enough conflict of interest between the two parties; secondly, no one can do anything to the other.

This is determined by geopolitics. Bulgaria cannot hit the mainland of Britain and France, and Britain and France do not have the strength to fight the mainland of Bulgaria. There is no substantial benefit to the war between the two sides except for adding an enemy!

Perhaps the Suez Canal looks delicious, but unfortunately, referring to the naval combat power of both sides, Ferdinand does not think that Bulgaria can break through the blockade of the Royal Navy.

This is troublesome. After finally grabbing the canal, I finally found that there is no way to navigate freely. Then I might as well dig another canal myself. Why start a war?

Since there are not enough interests, and there is no way to win each other, such a war cannot be fought!

The rest are the Austro-Hungarian Empire and the Russian Empire. If the Russian Empire continues to have civil wars, then there must be no fighting between Russia and Bulgaria. Ferdinand will not be so kind and give them a chance for reconciliation .

The Austro-Hungarian Empire had no offensive value at all, and defeated the Vienna government. Apart from facilitating the rise of the Germans, Ferdinand did not find any benefits!

This is embarrassing, what should I do if I can't find the enemy?

If the contradiction cannot be transferred, then there is only the last way, to digest the contradiction internally!

Considering the risk of this operation, Ferdinand decisively chose sustainable development. After all, it is easy to provoke a class struggle, but it is difficult to deal with the aftermath. Once the game collapses, you will have to shed a layer of skin if you are not dead!

To put it simply, it is to reasonably arrange the country's infrastructure construction, and to carry out infrastructure construction within the scope of one's own ability. You can't blindly start projects, but you have to do it step by step.

Then when the economic crisis breaks out, Bulgaria can continue to carry out infrastructure construction to relieve the pressure. Ferdinand can still develop Africa if it doesn't work, and if it doesn't work, he can still play afforestation to protect employment!

The prerequisite is that the government cannot owe huge debts, be kidnapped by capital, and then be carried on a chariot by others!

For details, you can refer to the Germans in World War II. Regardless of whether there was Hitler or not, they would start the war. The capital behind them is forcing them to go to the battlefield. This cannot be changed by individuals.

Bulgaria was also pulled onto the ship by capital during the First World War, but because the benefits were large enough, Ferdinand joined in with a half-push and a half-hearted push.

Let's forget it again!

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