Business | September 18, 2001, Tuesday // 00:00

The Bulgarian Economy Minister Nikolay Vassilev met the leader of the International Monetary Fund mission to Bulgaria Jerald Schiff. The meeting lasted two hours. The representatives of the Finance Ministry presented to the IMF representatives the entire government economic program. They discussed with Schiff the possibilities for the country`s economic growth in the next two years, the privatization and liquidation processes, the foreign investments and trade, the banks privatization and whether it was necessary to have VAT for tourism services. `The IMF officials asked very hard questions. I think that the Finance Ministry representatives clarified the ministry`s position perfectly and answered the questions very well,` Nikolay Vassilev told journalists after the meeting. He added that he expects good results and that the agreement with IMF will be signed in the near future. The IMF mission leader said that he cannot identify a specific time when the agreement will be signed since many discussions are still to be held. `IMF mission has some concerns for the fiscal policy of the government,` Schiff said. The Fund will continue to support the Bulgarian economic reforms according to him.

We need your support so can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article
Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria