Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
NEWS BY SECTOR
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Bulgarian FinMin Presents Stability Pact in Washington
BULGARIAN FINMIN PRESENTS STABILITY PACT IN WASHINGTON
Date: 05/03/2011
Source: novinite.com
Bulgarian FinMin Presents Stability Pact in Washington

Bulgaria's Deputy Prime Minister and Finance Minister, Simeon Djankov, delivered a public lecture Friday evening at The Heritage Foundation in Washington DC.

The Minister, who is on an official trip to the US, also attended the reception at the Bulgarian Embassy on the occasion of the country's national holiday.

Djankov was introduced to The Heritage audience by Bulgarian Ambassador to Washington, Elena Poptodorova, and the Director the Center for International Trade and Economics at The Heritage Foundation, Terry Miller.

The lecture focused on reforms in Bulgaria and the cabinet's fiscal policy. The Financial Minister presented some of the government's economic measures which have contributed to the country's better ranking in the annual "Economic Freedom Index" of The Heritage Foundation and the Wall Street Journal. Bulgaria is now 60th in the world, an improvement by 15 spots compared to last year, and ahead of a number of Western European countries.

Djankov dedicated a significant part of his lecture to the strong fiscal discipline and the 15% reduction of public expenses, stressing the current government inherited the budget overspending of their predecessors, but nevertheless was successful in revising the budget to avoid a crisis similar to the one in neighboring Greece and Romania.

The Minister further presented his project known as Pact for Financial Stability in Bulgaria – he declared the goals of the Pact, pointing out the measure would lead to the restricting of public expenditures, control of potential deficits and would help to keep taxes low.

Djankov also explained that despite the many successes, Bulgaria is still facing some unresolved problems and difficulties such as the retirement, education and health care reforms.

Answering an audience question about Bulgaria's candidature to enter the Euro Zone, the Minister stated the Pact, if passed, can improve the country's chances by instating same fiscal rules for all future cabinets.

The lecture had been received very well and Djankov had been complimented on his ideas by several American economic and finance experts, the Bulgarian news agency BTA reports.

On Saturday, the Minister, who is also in charge of Bulgarians abroad, will meet with the Boards of Trustees of the two Bulgarian schools in New York and the Bulgarian community there.



Topic: Economy



Featured District
GABROVO DISTRICT AND CITY INFORMATIONGabrovo
Invest Bulgaria Charts
Gross Domestic Product of Bulgaria per Capita
Gross Domestic Product of Bulgaria per Capita

Exports of Goods and Services of Bulgaria
Exports of Goods and Services of Bulgaria

See all charts
Did You Know?
Nazdrave
Nazdrave
Making a toast when drinking liquor is de rigeur. When toasting, raise your glass and lightly clink ... More

Etara is the first ethnographic open-air museum in Bulgaria. If you want to feel how Bulgarians lived 150 years ago you can go to Etara and see all the craftsmen's workshops, water installations and becaome a witness of various festivals describing Bulgarian customs and traditions.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2019 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.


Bulgaria Translation Bulgarian Agriculture Bulgarian Textile BestFlowers.bg Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.


Our Featured Members