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Finance Minister: Bulgaria to Overcome Economic Crisis May 2010
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Finance Minister Djankov forecasted Bulgaria would start to recover economically at the end of spring 2010. Photo by BGNES
The Bulgarian economy is going to start recovering from the global crisis in April-May 2010.
This was forecast Friday in Burgas by Bulgaria's Finance Minister, Simeon Djankov, during a meeting with local businessmen, as cited by Darik Radio.
Djankov underscored he was not making a forecast as a Finance Minister but as an economist. He believes that by the end of the spring of 2010 there would be specific indicators showing the Bulgarian economy had started to recover.
In his words, the government has decided to plan the budget for all of 2010, and might then be able to review the state expenditures in June 2010 in order to increase them.
Djankov outline the draft amendments of the public procurement procedures act, the concessions system, and the improvement of the financial and judicial part of the state administration as key current activities of his Ministry.
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