Bulgarian Business Club Newspaper

Posts tagged with the keyword: ‘greece’

Bulgaria Feels Cheated as EU ‘Punishes’ It for Its Fiscal Prowess

Bulgaria Feels Cheated as EU ‘Punishes’ It for Its Fiscal Prowess

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 [...]

Bulgarian FinMin: Eurozone Could Be Extinct in 6 Months

Bulgarian FinMin: Eurozone Could Be Extinct in 6 Months

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 [...]

EU Institutions Lash Out at Financial Rating Agencies

EU Institutions Lash Out at Financial Rating Agencies

Following European Commission President Jose Manuel Barroso, European Central Bank President Jean-Claude Trichet has voiced sharp criticism of financial rating agencies. Thursday Trichet spoke about the existence of a “structure of international credit agencies similar to an oligopoly,” describing it as “highly undesirable.” What provoked the unusually sharp criticism was the Tuesday downgrading of Portugal‘s [...]

Bulgaria Opens Bids for Struma Highway Lot 1

Bulgaria Opens Bids for Struma Highway Lot 1

The bids, which were submitted for a section of the future Struma Highway, connecting Sofia to the border with Greece, will be opened on Thursday, the road infrastructure agency announced. A record number of bidders – 19 – applied with offers to build Lot 1 of the Struma Highway – including companies from Bulgaria, Italy, [...]

Bulgaria 2nd Best-Value Eastern Destination for British Tourists

Bulgaria 2nd Best-Value Eastern Destination for British Tourists

Bulgaria is the second best-value destination for British tourists for Easter 2011, according to a survey of Post Office Travel Money. Spain offered best value-for-money for 10 typical holiday items in a table of 14 popular tourist destinations compiled by Post Office Travel Money as cited by the Press Association. The survey found the 10 [...]

Bulgaria’s Illegal Immigration Fears Fail to Materialize, Schengen Hopes Soar

Bulgaria’s Illegal Immigration Fears Fail to Materialize, Schengen Hopes Soar

Bulgaria has not experienced a tide of illegal immigrants as a result of the ongoing civil unrest in North Africa and the Middle East, Interior Minister Tsvetan Tsvetanov announced. Tsvetanov presented Friday the results from the work of the Border Police Directorate of the Interior for 2010. Final data shows that a total of 1 [...]

Bulgarian FinMin Focuses on ‘Financial Stability Pact’, Leaves Euro Bid Aside

Bulgarian FinMin Focuses on ‘Financial Stability Pact’, Leaves Euro Bid Aside

Bulgaria‘s Finance Minister Simeon Djankov plans to dedicate all of his efforts to the passing of Constitution amendment guaranteeing stable state finances, known as the “Financial Stability Pact.” The measures termed “Financial Stability Pact” were first announced by Djankov on February 8 at a lecture at the New Bulgarian University in Sofia following the US [...]

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