World Bank: Bulgaria Shows Strong Economic Growth

Business | June 19, 2008, Thursday // 00:00

Bulgaria registers strong economic growth as data from the last World Bank report reveals, with the country taking one of the top places among the 10 new European Union members.

The World Bank expects that this ranking would remain constant.

Overall the 10 countries are adapting relatively well to the global finance crisis, the increasing of consumer goods prices, the inflation and the forecasts for slow economic growth in the developed countries, according to the report.

In Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Romania, Slovakia and Slovenia, the Gross Domestic Product had shown stable growth and had aided the reduction of the unemployment rates down to 6% and less, the World Bank report shows.

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