Bulgaria Meets Eurozone Conditions, IMF Chief Confirms: ‘We Comment on the Facts’
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), told BGNES that Bulgaria has met the necessary criteria for joining the eurozone
IMF Representative for Bulgaria Forecasts Foreign Investment Melt
- Tweet
Send to Kindle
The IMF representative for Bulgaria and Romania, Tonny Lybek, says the direct foreign investments in Bulgaria will melt by 60% to 70% to just EUR 3 B. Photo by www.gandul.info
The International Monetary Fund (IMF) representative for Bulgaria and Romania, Tonny Lybek, forecasts a sharp decline in foreign investments in Bulgaria.
The information was reported Friday by pari.bg.
Lybec says the direct foreign investments will melt by 60% to 70% to just EUR 3 B.
According to the IMF representative, the main problem for all Central and Eastern European countries regarding the effects of the global economic crisis is precisely the recession and the slump of investments.
Lybec does, however, point out Bulgaria is not among the countries that have been hit the worst by the crisis and ranks it in “the middle.”
In the meantime, Bulgaria's Economy Ministry announced they are going to prepare a map of the local territories suitable for investment with the goal to encourage them. In 2010, they will also prepare a map of renewable energy resources.
Related Articles:
IMF Predicts Slower Economic Growth for Bulgaria in 2025
The International Monetary Fund (IMF) has revised its forecast for Bulgaria’s economic growth, predicting a slowdown to 2.5% in 2025
IMF Chief Warns US Tariffs Could Threaten Global Economic Stability
IMF Managing Director Kristalina Georgieva has expressed serious concerns regarding the potential economic impact of the new tariffs announced by US President Donald Trump
World | April 4, 2025, Friday // 10:09
IMF's Chief Downplays Recession Fears Amid Tariff Uncertainty
Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), addressed concerns regarding the economic uncertainty sparked by U.S. President Donald Trump's push for tariffs
World | April 2, 2025, Wednesday // 14:43
IMF’s Chief: Prolonged Economic Stagnation Will Widen Global Inequalities
A meeting of finance ministers and central bankers from the G-20 countries kicks off today in Rio de Janeiro
World | July 25, 2024, Thursday // 09:36
IMF Warns: Bulgaria’s Inflation Remains High, Reforms Needed!
The International Monetary Fund (IMF) reports that Bulgaria's economy has shown resilience amid recent shocks, achieving a soft landing with growth expected to slow to 1.8% this year.
Fiscal Responsibility and Public Accountability: Keys to Bulgaria’s Success in the Eurozone
Lyudmila Elkova underscored that joining the eurozone goes beyond mere procedural steps
Bulgaria Faces Surge in Counterfeit Banknotes Ahead of Euro Adoption: How to Spot Fakes
As Bulgaria stands on the verge of adopting the euro, the country faces a sharp rise in counterfeit banknotes
Finance Minister: Bulgaria’s Price Stability Aligns with Eurozone Criteria for June
At a briefing, Finance Minister Temenuzhka Petkova expressed optimism that Bulgaria is on track to meet the eurozone’s price stability criterion once again in June
Bulgaria: Lev to Euro Exchange - What You Need to Know Before 2026
Some Bulgarians are beginning to exchange their leva for euros ahead of the country’s eurozone entry, only to find that the rates offered at banks and exchange offices differ from those announced publicly
Inflation in Bulgaria Accelerates to 4.4% in June; Five-Year Price Growth Nears 40%
Bulgaria’s annual inflation rate climbed to 4.4% in June 2025, marking its highest point since December 2023
Finance Deputy Minister: Credit Upgrades Reflect Trust in Bulgaria’s Stability and Eurozone Path
Deputy Finance Minister Metodi Metodiev described the recent upgrades to Bulgaria’s credit rating by three international agencies as a clear sign of growing investor confidence
