Regardless when Bulgaria is going to recover from the economic crisis, it will not be able to achieve the pre-crisis levels of growth and low unemployment.
This was stated Saturday by the Bulgarian Vice President of the World Bank, Kristalina Georgieva, in an interview for Darik Radio.
Georgieva said the government on the GERB party must focus on improving the business environment as well as Bulgaria’s international image so that it help Bulgarian businesses, and start attracting again large levels of foreign direct investments.
Georgieva is also quoted as saying that she had no ambitions to enter politics while she held the position of World Bank Vice President.
Over the summer of 2009, various reports claimed that Kristalina Georgieva was going to quit her job at the WB in order to become a Deputy Prime Minister in the Bulgarian government of PM Boyko Borisov.
Author: Buddy, 8 Nov 2009 07:57:41
World Bank VP Georgieva: Bulgaria Won’t Return to Pre-Crisis Growth
It would be nice to hear from the Lady which pre crisis growht she is talking about, pre 1939, pre 1989 or what is the WB vice president talking about. Everybody is certain that she is not going to change her job for a job in Bulgaria, but she should not forget that obviously Bulgaria at least has send her to tha posting in Washington...
Author: CIAwhores, 8 Nov 2009 18:37:33
World Bank VP Georgieva: Bulgaria Won’t Return to Pre-Crisis Growth
Bulgaria will never achieve its pre 2008 growth because it was all smoke and mirrors -spending on EURO backed credit,state asset privatisations and the" Real Esate" market beloved of stupid british property "investors" and remittances from workers in greece spain etc.....The EURO credit has dryed up, there's nothing left to privatise and the GBP has collapsed and British are wary of Bulgarian rip-offs and casual work in the med is done by much cheaper pakistani or latin american workers nowdays.....The most profitable exports in Bulgaria nowdays are food products to the near east and non-ferrous minerals from the rhodpes..
Author: Jerry, 9 Nov 2009 15:28:03
World Bank - Georgieva
It seems Georgieva should return to the World Bank Bulgarian Desk and determine the relationships of the Emerging Economies, Brazil, India, China and South Africa bubble exploding causing fallout in Bulgaria.
Let us not forget the Dollar will not always be low causing a future cambio crisis.
Georgieva use your training at the World Bank to develop Bulgarian Capacitation, Health and Food Security Projects to offset monetary fallout with Commodities.
