Bulgaria Economy Minister: Crisis Saves Us from Import of Workers

Business » FINANCE | March 5, 2009, Thursday // 00:00
Bulgaria Bulgaria Economy Minister: We Will Avoid Import of Laborers Thanks to Crisis: Bulgaria Economy Minister: Crisis Saves Us from Import of Workers Bulgaria's Economy Minister Dimitrov (right) and the head of the InvestBulgaria Agency Stalev (left) during the Invest in 2009 Bulgaria Summit. Photo by Assya Filipova

Bulgaria's Economy Minister, Petar Dimitrov, said Thursday the country was going to avoid the import of foreign workers thanks to the effects of the global financial crisis.

Dimitrov was a keynote speaker at the Invest in Bulgaria 2009 Summit, which took place in the Sheraton Hotel in Sofia.

"I will not keep it secret from you that the government had started negotiations for the import of workers with several countries. However, now the crisis effects freed Bulgaria from the need to import foreign laborers for at least one or two years", the Minister explained.

In his words, the crisis led to unemployment in key foreign destinations for Bulgarian laborers, which led many of them to come back, and it had also increased slightly Bulgaria's unemployment rate.

According to Dimitrov, Bulgaria presented great chance for European investors to keep investments withing the EU at more favorable conditions than in the old EU member states; he also pointed out that it was twice as close to the Western European markets than the world's top outsourcing destination, China.

The Invest in Bulgaria 2009 Summit is organized by the Brussels-based European Finance Convention. Novinite.com (Sofia News Agency) is official media partner of the event.

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