Bulgaria Faces Economic Big Freeze in Year Ahead
Vasilev stated Tuesday he believed that there will certainly be a recession in Bulgaria but it will hopefully be "softly felt and short", reported the Pari Daily.
The minister's theory is based on his positive views regarding the record fiscal and currency reserves, the large budget surplus and a relatively low amount of public debt. He does, however, warn that the huge deficit in the current account of the balance of payments - some 24% of the GDP of Bulgaria in 2008, could cause very serious problems for the Bulgarian economy.
Vasilev noted that the Real Estate and Luxury sectors of the economy have already been affected by the ongoing worldwide downturn; he also expects other sectors to be hit in the near future. On an upbeat note to end though, the minister went on to say that "life has not stopped; people still eat, get dressed and read news sites".
- » In the Industrial Zone of Burgas over 50 Million Leva have Been Invested.
- » Boyko Borissov and Theresa May Discussed Cooperation on Migration and Security
- » UN: 1300 Refugees Blocked in Libya must be Admitted to Other Countries
- » More than 60% of the Companies will Give out Bonuses for Christmas
- » In the Period January - October 2017 Bulgarian Exports to 3rd Countries Increased by 15.9%
- » The EU Gives EUR 355 Million to Start-up Companies in Bulgaria
I think you found a wrong place to express yourself . Probably , you do not have other way ... I feel sorry about that ... As far as I got , this is website supported by news agency ... it is not said anything about date or acquaintance ... are you sure you are in the right place now ? May be you are lonely person and need somebody to talk ? Do you want me to tell you how you got the name of that silly guy from Norway ? One day you sent him a message from different account and little by little he told you about his name , nationality and etc. That is your style ! I do not care about where all this peolle live in but what they do ... One more ... I AM TOO OLD TO LIVE IN HOSTEL AND USE PUBLIC COMPUTER ... lol
BTW Stealthy, remember furian?
It turns out his name was Dag Patterson and he came from Norway.
He was staying in a Sofia hostel and using public compute there to tell us how poor and miserable we are.
Well some of his friends in the hostel outed him, and he disappeared.
He comes around under different nicks occasionally but then runs embarrassed.
Where are you from?
Tell us. We won't laugh.