Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
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)
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)

EBRD Predicts 2.6% Economic Growth for Bulgaria in 2011
Date: 22/03/2011
EBRD Predicts 2.6% Economic Growth for Bulgaria in 2011

Bulgaria can achieve economic growth of 2.6% in 2011, according to the forecast of the European Bank for Reconstruction and Development (EBRD).

The Bank's chief expert, Erik Berglof, however, warns the country is facing significant challenges while the biggest source of alarm is the possibility for the lessons from the crisis to not transfer into reforms.

"Prices are going up and the negative effects of the crisis are fading away too slowly," Berglof says.

The expert points out exports are important not only for the economic growth, but for innovations and recommends improving the business environment, the efficiency of the Customs Agency, the capital markets in the entire region, and removing bureaucratic hurdles.

Finance Minister, Simeon Djankov, says the cabinet of the Citizens foe European Development of Bulgaria (GERB) party took office in the worst of the crisis and the first thing they did was to reduce budget expenses.

The Minister reiterated taxes would not go op and promised reforms to avoid higher taxation, adding Bulgaria is the country with the lowest taxes in the European Union precisely because of these efforts of the government.

Djankov further points out the retirement and the administrative reforms as successful, but admits a lot still needs to be done in terms of the health care and education ones.

"I hope after the crisis Bulgarians will end up being more fiscally disciplined," the Minister said.

Topic: Macroeconomic Data

Featured District
Invest Bulgaria Charts
Tax Revenue of Bulgaria
Tax Revenue of Bulgaria

Current and Capital Account of Bulgaria
Current and Capital Account of Bulgaria

See all charts
Did You Know?
Bulgarians Abroad
Bulgarians Abroad
More than 100,000 Bulgarians live in Chicago ... More

The municipality of Blagoevgrad is located in the southwestern corner of Bulgaria and covers an area of approximately 628 km2, on which Blagoevgrad itself and 25 adjacent villages are situated.

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

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2020 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.

SEO оптимизация Bulgaria Translation Bulgarian Agriculture Bulgarian Textile 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