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The world economy is facing the risk of a new financial crisis, warned German Finance Minister Wolfgang Schauble, quoted by the electronic edition Politico.
Bulgaria's Foreign Investments down by EUR 1 B due to Global Financial Crisis
Business | November 28, 2008, Friday // 00:00
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Bulgaria's foreign direct investments in 2008 have declined by EUR 1 B compared to their 2007 level as a result of the global financial crisis.
This was announced Friday by the Bulgarian Minister of Economy Petar Dimitrov in an interview for the bTV channel.
Dimitrov also said the decision of the European Commission to strip two Bulgarian executive agencies of their accreditation thus depriving the country of hundreds of millions of EU funding had been an unpleasant surprise for him.
In his words, however, Bulgaria should not be fatalistic because it had EUR 6 B of foreign direct investments per year.
The main problem according to Dimitrov was the fact that Bulgaria's image was suffering at a moment when Eastern Europe was more stable than the old EU member states, and as a result foreign investors would turn to the region.
This was announced Friday by the Bulgarian Minister of Economy Petar Dimitrov in an interview for the bTV channel.
Dimitrov also said the decision of the European Commission to strip two Bulgarian executive agencies of their accreditation thus depriving the country of hundreds of millions of EU funding had been an unpleasant surprise for him.
In his words, however, Bulgaria should not be fatalistic because it had EUR 6 B of foreign direct investments per year.
The main problem according to Dimitrov was the fact that Bulgaria's image was suffering at a moment when Eastern Europe was more stable than the old EU member states, and as a result foreign investors would turn to the region.
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