Expats

Bulgaria's Agriculture, Tourism Most Resilient to Crisis in 2012 - Expert [Jan 30, 2012] The negative impact of the reduced economic growth forecast for 2012 in the Eurozone will spill over to sectors that have traditionally remained unscathed, according to Bozhidar Danev, Executive Chair of the Bulgarian Industrial Association (BIA). In a Monday statement, Danev suggested that export-related sectors like metallurgy and transport would be hit by the slowdown. He said that Bulgaria's ... [via YahooNews] More >>

Bulgaria to Fully Enter EU Fiscal Pact - FinMin [Jan 24, 2012] Bulgaria will most probably back the whole EU fiscal pact and not just some of the texts included in it, Bulgarian Finance Minister Simeon Djankov has revealed, as cited by the Bulgarian National Radio. It is yet to be decided whether Bulgaria will maintain an observer status like other non-eurozone EU member states, Djankov clarified after attending the meeting of the EU Economic and Financial ... [via YahooNews] More >>

The Bulgaria 2011 Review: Finance [Jan 07, 2012] Bulgaria and the Eurozone Bulgaria Still Wants In, Preaches Common Sense In 2011 Bulgaria's center-right government continued, even though with varying degrees of zeal, to pursue European integration and made clear that the single currency woes and doomsayers' warnings of a possible crack-up will not give it a pause. ... [via YahooNews] More >>

Bulgaria Helps EU Fail IMF Bailout Target [Dec 20, 2011] The European Union failed to table its EUR 200 B target to the International Monetary Fund to use as bailout for financially troubled members of the eurozone. EU member states, including all eurozone members, plus Denmark, the Czech Republic, Denmark and Sweden managed to gather some EUR 150 B for the rescue fund. Bulgaria was among the few countries - including also the UK, Romania and Hungary ... [via YahooNews] More >>

Bulgaria Supports Eurozone Tax and Budget Deal, UK Out [Dec 09, 2011] Bulgaria has supported the new deal, which the majority of European leaders agreed on early Friday in a bid to tighten fiscal discipline in the eurozone and tackle the bloc's debt problems. Twenty three states - all seventeen eurozone members and six other EU nations, including Bulgaria - agreed to adopt an accord with penalties for breaking deficit rules. Four countries including Britain ... [via YahooNews] More >>

For Bulgaria, It's Survival of the Weakest [Nov 24, 2011] Bulgaria is the poorest country in the eurozone, yet could escape from the current financial crisis unscathed. By Julian Popov* Aljazeera.... [via YahooNews] More >>

Bulgaria C-Bank Governor Slams 'Guilty Greeks, Innocent Germans' Propaganda [Sep 16, 2011] Bulgaria's national bank governor has advised against simplifying the crisis that is wreaking havoc in the eurozone, saying it is not just a matter of "guilty Greeks and innocent Germans". "Europe badly needs the spirit of solidarity. Politicians and economists should stop beating around the bush, which is very evident in the countries in the heart of Europe.... [via YahooNews] More >>

Bulgaria Registers 0.1% GDP Growth Q2 2011 Y/Y [Aug 17, 2011] The Gross Domestic Product, GDP, increased by 0.2% in both the Eurozone and the EU during the second quarter of 2011, compared with the previous quarter, according to flash estimates. In the first quarter of 2011, growth rates were +0.... [via YahooNews] More >>

Bulgaria to Be Adversely Affected by Euro, US Debt Crises - Analysts [Aug 06, 2011] Bulgaria will not fail to feel the effects from the debt crises that have grappled the USA and the Eurozone, according to local economy analysts. The downgrading of the US debt rating by Standard & Poor's from AAA to AA+ will lead to instability in global stock exchanges which is bound to reflect on financing and activities of companies in Bulgaria, according to Ruslan Stefanov from the Center ... [via YahooNews] More >>

Bulgaria Should Negotiate Fairer Terms of Eurozone Accession - Analyst [May 30, 2011] Georgi Angelov, senior economist at the Open Society Institute, warned of the risks accompanying Bulgaria's Eurozone accession during a discussion organized Monday by Bulgaria's Economic Policy Institute and the Friedrich Ebert Foundation. "Bulgaria could benefit from joining the Eurozone on two conditions- if the Eurozone did not fall apart and if we did not have to pay an extraordionately high ... [via YahooNews] More >>

Bulgaria C-Bank Deputy Governor Sees No Rush on Euro [Jun 07, 2010] The Currency Board is doing a good job in Bulgaria. We will hardly see any rush to join the eurozone in the short term, central bank Deputy Governor Kalin Hristov said at a financial seminar in Sofia. [via YahooNews] More >>

Bulgaria to Launch ERM II Bid after European Economy Stabilizes [May 22, 2010] Bulgaria will wait for the stabilization of the European economy before launching its bid to join the Eurozone through ERM II, Bulgaria PM Boyko Borisov announced Saturday. [via YahooNews] More >>

Commissioner Georgieva: Bulgaria Stable on Euro Track [May 09, 2010] Even though the bar for accession to the Eurozone will probably be raised, Bulgaria has fair chances to join, Bulgarian EU Commissioner Georgieva believes. [via YahooNews] More >>

'Euro Father' Mundell: Greek Issues Won't Hurt Bulgaria Eurozone Bid [Apr 30, 2010] The financial problems in Greece will not interfere with Bulgarias accession to the Eurozone, according to the father of the euro, Professor Robert Mundell. [via YahooNews] More >>

Bulgaria FinMin Goes to Crucial for Euro Bid Ecofin [Apr 15, 2010] Bulgaria's finance minister is heading Thursday for Madrid where his colleagues from the other EU member states will consider and assess the country's convergence program, crucial for its decision how long to keep on hold plans to join the eurozone. [via YahooNews] More >>

Bulgaria Decides on Euro Ambitions End-Week [Apr 12, 2010] Bulgaria will decide how long it will have to keep on hold plans to join the eurozone after the meeting of EU finance ministers later this week, which will consider and assess the country's convergence program. [via YahooNews] More >>

Rightist Allies Slam Bulgaria Rulers for Giving Up Euro Bid [Apr 09, 2010] The rightist Democrats for Strong Bulgaria party has criticized the Borisov government for its decision to back out of applying for the Eurozone waiting room, the ERM II, in 2010. [via YahooNews] More >>

Bulgaria deficit revision delays euro ambitions [Apr 09, 2010] Bulgaria 's Prime Minister says his country has put on hold plans to join the eurozone after sharply revising up its 2009 budget deficit to 3.7 percent of annual output. [via YahooNews] More >>

Bulgaria delays eurozone application as deficit doubles [Apr 09, 2010] (SOFIA ) - Bulgaria 's public deficit for 2009 will be almost double the figure that had been expected, Finance Minister Simeon Djankov said Friday, adding that Sofia would not apply for the eurozone waiting room as a result. [via YahooNews] More >>

Greece Ambassador to Bulgaria Praises New EU Financial Support Mechanism [Apr 05, 2010] The new mechanism for financial support agreed upon recently by the EU leaders signals a new era for the EU and the Eurozone, according to Greek Ambassador to Bulgaria , Danai-Magdalini Koumanakou. [via YahooNews] More >>