What is EBRD's Economic Forecast for Bulgaria
Reduced gas supplies and inflation to slow growth further in EBRD regions
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
The global economy is not over the worst of the recession, Erik Berglof, chief economist at the European Bank for Reconstruction and Development, said.
"I don't think the worst is behind us ... We've not seen everything yet," said Berglof, who works for the London-based EBRD -- set up to help ex-communist nations adopt market economies after the Soviet Union collapsed.
Berglof, addressing top business delegates at the annual Forbes CEO forum in Gleneagles, Scotland, argued that all banks should declare their exposure to bad debts -- mirroring the United States.
"There's a sense that we don't know yet what's in our banking system," he told the meeting.
"There's a need not only to find out but also to make public, like you did in the United States.
"That was a model for how to do it and it certainly helped to stabilise the system. We need the same thing in Europe now and we need to make it public."
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In order to protect the economic interests of consumers, there will be a period of double labeling of the prices of goods and services - in leva and in euros
As Bulgaria inches closer to joining the Eurozone, concerns arise over the implementation of rounded prices in euros, potentially impacting citizens' wallets upon adoption of the single currency
On a briefing held at the National Press Club of BTA, Nikola Ilchev, the creator and organizer of the Balkan eCommerce Summit, showed projections indicating a significant rise in Bulgaria's e-commerce sector
The Ministry of Finance in Bulgaria has revealed that the process to facilitate the exchange of levs with euros in the country will come with a hefty price tag, estimated to be at least BGN 500 million
As Bulgaria steers towards adopting the euro, economists dispel concerns over potential price increases, assuring the public that the impact on inflation will be minimal
The Ministry of Finance has released a draft law for public discussion concerning the adoption of the euro in Bulgaria. The primary aim of the proposal is to ensure a smooth and transparent transition to the European currency
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022