The Bulgarian National Bank (BNB) is hopeful that in the second quarter of 2009 the international environment will affect Bulgaria's economy in a positive way.

This was announced Saturday by the Deputy Governor of the BNB, Tsvetan Manchev, as quoted by BTA information agency.

"Available data shows that the Bulgarian economy, which is a small and open economy, is adjusting to the changes in the international economic environment in a totally normal and predictable way, and this will continue that way", Manchev stated.

In his words, the Bulgarian banking system remains stable and predictable, and continues to adjust in its role of an intermediary in the stimulating economic activity.

Manchev said a further decrease of Bulgaria's GDP depended on the international environment. He did make clear he was hopeful that the fiscal actions on part of large international central banks and governments would amount to a positive impact on the Bulgarian economy.

"We have a regular dialogue with the International Monetary Fund, and, if needed, there would be no problem for Bulgaria to get a bailout loan. Yet, for the time being our opinion is that the country has sufficient monetary reserves, and the economy is adjusting to the foreign pressures", Manchev said.

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