The Governor of the Bulgarian National Bank, Ivan Iskrov, said Thursday the currency peg practically made Bulgaria an informal member of the Eurozone.
Iskrov took part in the Invest in Bulgaria 2009 Summit, which took place in Sheraton Hotel in Sofia.
Bulgaria's Economy Minister, Petar Dimitrov, said Thursday the country was going to avoid the import of foreign workers thanks to the effects of the global financial crisis.
The Director of the InvestBulgaria Agency, Stoyan Stalev, said Thursday that Bulgaria was not less attractive for foreign investors than the world's top investment destination, the East Coast of China.
Chinese PM Wen Jiabao has said the current year will be the most difficult the country has faced this century because of the global economic crisis, while announcing the latest program to stimulate the China's economy, the BBC reported Thursday.
Romanian businesses have started to move on mass to Bulgaria, in an attempt to avoid the worst affects of the current global financial crisis in their home country, Bulgarian daily newspaper Standart reported Thursday.
The Bulgarian border city of Ruse
Bulgaria is already experiencing the positive effects of the global financial crisis, according to the Deputy Minister of Finance, Lyubomir Datsov.
During a conference dedicated to Bulgaria's "Financial Sector in the Context of the Global Financial and
First-class investor certificates, the highest investor rank in Bulgaria, will be awarded to companies with a minimum investment volume of BGN 32 million, not BGN 70 million, the government decided on Wednesday.
The central banks of five Eastern European countries, including Bulgaria, have slammed as "simplified and misleading" reports that the region's banks were at risk.
The Bulgarian milk processing company "Serdika-90" shut down over the global financial crisis.
The Bulgarian National Bank has lowered Bulgaria's base interest rate by 0,43 percentage points bringing it to its lowest level since January 2007.
Emilia Maslarova, Bulgaria's Minister of Labor and Social Policy, has suggested that unemployment in the country will rise sharply over the next few months. Maslarova expects many more people to be looking for work in 2009, Darik Radio reported Saturday.
In May and no later then June, the Bulgarian Interior Ministry, the State Agency for National Security (DANS) and the National Revenue Agency (NRA) are going to begin check-ups of individuals whose wealth exceeds BGN 500,000, the EU Affairs Minister Gerga
The economies of Bulgaria and Romania are much more vulnerable to the effects of the global financial crisis compared to those of Poland, the Czech Republic, and Slovakia.
Bulgaria has very good chances to benefit from the global financial crisis, according to experts from the consultancy company KPMG Europe, cited by the Darik radio.
Wednesday, Torsten Aman from KPMG Europe offered an analysis of the situation on intern
Seven of the richest Bulgarian businessmen have lost a total of BGN 2,4 B since the beginning of the global financial crisis, according to statistics of the Bulgarian website milionerite.com ("the millionaires"), as cited by the Pari Daily.
50% more Chinese Tourists in Bulgaria
Potentially Defective Aluminum was used by All Car Manufacturers in Japan