German Minister: A New Financial Crisis Poses a Threat to the World Economy
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 Kurdzhali Sets up Committee to Fight Global Financial Crisis Effects
Business | January 9, 2009, Friday // 00:00
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The local socialists in the city of Kurdzhali have initiated the founding of a committee to fight the effects of the global financial crisis. Photo by Nadya Kotseva (Sofia Photo Agency)
The leader of the Bulgarian Socialist Party in Bulgaria's southern city of Kurdzhali announced Friday a local committee to tackle the effects of the global financial crisis would be set up.
The Committee will keep an eye on the largest companies in the District of Kurdzhali, which are expected to be affected the most by the global crisis.
It will assist the local employers in coordinating their measures in order to alleviate as much as possible the effects of the crisis.
The anti-crisis Committee will be founded at the beginning of next week. A number of high-ranking managers of local firms have already confirmed their participation in it.
The Kurdzhali socialists came up with the idea based on data demonstrating that the number of employed persons in Bulgaria's industrial sector was declining because of the shrinking export markets for Bulgarian products.
The Committee will keep an eye on the largest companies in the District of Kurdzhali, which are expected to be affected the most by the global crisis.
It will assist the local employers in coordinating their measures in order to alleviate as much as possible the effects of the crisis.
The anti-crisis Committee will be founded at the beginning of next week. A number of high-ranking managers of local firms have already confirmed their participation in it.
The Kurdzhali socialists came up with the idea based on data demonstrating that the number of employed persons in Bulgaria's industrial sector was declining because of the shrinking export markets for Bulgarian products.
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