Deputy Finance Minister: Bulgaria Already Feels Positive Crisis Effects

Business » FINANCE | March 4, 2009, Wednesday // 00:00| Views: | Comments: 2
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Bulgaria Deputy Finance Minister: Bulgaria Already Feels Positive Crisis Effects: Deputy Finance Minister: Bulgaria Already Feels Positive Crisis Effects Bulgaria's Deputy Finance Minister Lyubomir Datsov believes the country was already starting to feel certain positive effects of the global financial crisis. Photo by BGNES

Bulgaria is already experiencing the positive effects of the global financial crisis, according to the Deputy Minister of Finance, Lyubomir Datsov.

During a conference dedicated to Bulgaria's "Financial Sector in the Context of the Global Financial and Economic Crisis" in the city of Plovdiv on Wednesday, Datsov said that Bulgaria was to benefit as the crisis was going to reduce its inflation and current account deficit.

According to Datsov, Bulgaria is going to have an inflation of between 3,5% and 4,5% in 2009, which is a substantial decrease compared to the 12% in 2008. The economic growth, however, is expected to be below 2%.

At the same time, while the current account deficit might be reduced, the crisis would also mean a decrease of the attracted foreign investments.

The official figures of the Bulgarian government in the 2009 State Budget envisage an economic growth of 4,5% in 2009.

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» To the forumComments (2)
NellieotAmerica - 5 Mar 2009 // 04:06:24


Who is his wife then? Why is she so powerful? He looks like he likes women on top.

Mat - 5 Mar 2009 // 03:26:51

The only finance minister in the world to see the positive effects of the financial crisis. Must be a blessing to have a powerful wife and be stupid. Ignorance is bliss....

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