Bulgaria accumulated a BGN 600 M budget surplus for the first four months of 2009.
Bulgaria Finance Minister, Plamen Oresharski has stated that Bulgaria will need from 2-3 years to overcome the current global financial crisis.
Currently, Bulgaria does not need international help to deal with the global financial crisis.
The 16 countries that make up the Euro zone had a positive trade balance of EUR 400 M in March for the first time in almost a year.
The Chief Economist at Unicredit Group, Marco Annunziata, has stated that Bulgaria should adopt the Euro as soon as possible.
Bulgarian Industrial Association (BIA) Chairman, Bozhidar Danev, has stated that Bulgaria will not overcome the negative effects of the global economic crisis until 2012.
Bulgaria's UniCredit Bulbank and the European Bank for Reconstruction and Development (EBRD) have sign an agreement for a EUR 50 M credit line, part of its funding for the crisis-hit region.
The World Bank's Board of Executive Directors has approved a USD 200 M loan to Bulgaria to support the country's reforms in the social sectors to modernize the education system, improve the financing of health services and create more and better jobs.
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.
The global financial crisis is an opportunity for Bulgaria to develop new projects, particularly in infrastructure.
The Bulgarian currency board linking the BGN to the EUR will remain in place until the country gains accession to the single currency.
Bulgaria's current account deficit continues to shrink and stood at EUR 1,078 B or 3,2 % of the expected GDP in the first quarter of 2009 year-upon-year, data showed on Friday.
Petar Dimitrov, Bulgaria's Minister of Economy and Energy, has stated that Bulgaria's economy will not improve until the rest of Europe shows signs of recovery.
The International Monetary Fund (IMF) has revised its estimates of short-term debt refinancing needs for Bulgaria after admitting making a serious mistake.
50% more Chinese Tourists in Bulgaria
Potentially Defective Aluminum was used by All Car Manufacturers in Japan