The Polish EU Presidency has stated Tuesday it backs the initiative of German Chancellor Angela Merkel and French President Nicolas Sarkozy to forge new rules to secure the financial stability of the EU. Poland, who is EU‘s rotational presiding member state until the end of 2012, will back all efforts to rescue the eurozone, said [...]
The EU member states showing a better fiscal discipline should be motivated with bonuses, Bulgarian Prime Minister Boyko Borisov proposed during a meeting with his Danish counterpart. The block’s best performers in terms of fiscal stability could receive more EU funds during the next program period and could spend less on co-financing EU projects, the [...]
Bulgaria, the poorest EU member state, is said to feel cheated as the EU institutions are about to seal a new policy allowing six other member states, which are struggling financially, to be able to co-fund projects with much less money. “Countries which maintain a strict financial discipline should not be punished and those that [...]
“As an EU member and one of the best NATO partners Bulgaria can be of great help for Arab countries and we’re completely ready to do that,” said Borisov. The Bulgarian PM commented that Bulgarians have deep sympathies with pro-democracy efforts of the citizens of the Arabic countries, as Bulgarian themselves led a similar struggle [...]
Very bad things happened in the last few months in Europe, which imposed changes in Bulgaria’s fiscal policy, says Deputy Prime Minister and Finance Minister, Simeon Djankov. Speaking in an interview for the TV channel bTV Tuesday morning, Djankov responded to criticism that he had made promises for more funding to different sectors earlier and [...]
Bulgaria still wants to join the euro zone despite recent predictions that the single currency will collapse, Traicho Traikov, Bulgaria’s Economy Minister, told CNBC on Thursday. “I know now it’s fashionable to predict the end of the monetary union, but I think common sense will still dominate and it is going to survive. Of course, [...]
Bulgaria has done a wonderful job in meeting Schengen criteria and must join the free movement area as soon as possible, stated Luxembourg PM Jean-Claude Juncker, who is on a visit to Bulgaria Wednesday. In Varna, Juncker met his Bulgarian counterpart Boyko Borisov to discuss Bulgaria’s perspectives as an EU member, as well as bilateral [...]
Georgi Angelov, Senior Economist with the Open Society Institute – Sofia,argues that the ESM and the Pact for the Euro are a real burden for the poorer EU member states and they significantly decrease their incentives to join the Eurozone. The background In the first decade of the existence of the euro, there was a [...]
I cannot see the eurozone risking a second recession, stated Luxembourg PM and Eurozone President Jean-Claude Juncker on an official visit to Bulgaria Wednesday. “The truth is that growth in the eurozone has slowed down, but that is due to external factors and does not warrant a new recession,” said the Eurozone president. He nevertheless [...]
Bulgaria has dropped three places to 74th in a yearly economic competitiveness ranking of the World Economic Forum. The 2011-2012 Global Competitiveness Report (GCR) covers 142 world economies, according to an announcement of the Center for Economic Development, a Bulgarian non-governmental think tank. Bulgaria’s downgrading is due to low scores on goods market efficiency, technological [...]
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