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Bulgaria to Be Adversely Affected by Euro, US Debt Crises - Analysts
BULGARIA TO BE ADVERSELY AFFECTED BY EURO, US DEBT CRISES - ANALYSTS
Date: 06/08/2011
Source: novinite.com

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 for the Study of Democracy.

The analyst adds that this could lead to a slowdown in consumption and investments, and a general instability of the Bulgarian economy, reports the Bulgarian National Radio.

Lachezar Bodganov from Industry Watch argues that the events will lead to a shrinking in crediting, an increase of interests and higher inflation worldwide.

Bogdanov was also certain that the stagnation in the US and European economies will have an adverse effect on Bulgaria.


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A ticket for the city bus and for the subway in Sofia costs about 30 Euro cents. ... More

Bourgas is the fourth largest city in Bulgaria, situated in the south-eastern part of the country. It's not famous as a beach resort (although few beaches you can find), but more as a turning point to the big southern Black Sea resorts in Bulgaria like Sunny Beach, Nessebar, Sozopol, Dyuni, Elenite, etc.

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