The head of the International Monetary Fund, Dominique Strauss-Khan, said Friday that "the worse of the economic crisis is probably behind us".
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.
The International Monetary Fund has corrected an embarrassing error that led to the publication of exaggerated estimates of the external debt levels of crisis-hit eastern European states, the Financial Times reported.
Steve Hanke, the architect of Bulgaria's currency board, has stated that corruption is still the country's biggest problem.
The Bulgarian National Bank (BNB) has determined Friday the main interest rate to be 2,27% in May 2009.
Fitch Ratings has today affirmed Bulgaria's Long-term foreign currency Issuer Default Rating (IDR) at 'BBB-' (BBB minus), and Long-term local currency IDR at 'BBB', and revised their respective rating Outlooks to Negative from Stable.
Bulgaria's finance minister has denied reports that the country was the next in line after Hungary, Latvia, Serbia, Romania and Poland to seek an International Monetary Fund-led bailout.
Florian Fichtl, the World Bank representative for Bulgaria, has stated that the country should avoid finishing the year with a budget deficit.
Bulgaria might reduce its budget surplus, the Bulgarian Prime Minister Sergey Stanishev said Wednesday.
Bulgaria was the next in line after Hungary, Latvia, Serbia, Romania and Poland to seek an International Monetary Fund-led bailout, but was refused aid, an opposition leader claims.
50% more Chinese Tourists in Bulgaria
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