Sun, Nov 08 2009
Peter Brezinschek
Photo: K. Keinrath/Raiffeisen International
Professor Steve Hanke, referred to in Bulgaria as the ‘father’ of the country’s Currency Board, says that should the country sign a loan agreement with the International Monetary Fund, it would be a sign of weakness.
What will the future bring? Possible exchange rate and currency board scenarios in view of Bulgaria joining the euro area.
The first step of the procedure was made on July 20 2009, when the IMF’s Board of Governors approved the proposal. This means that Bulgaria will raise the cap of the financing it can tap from the fund to $12 billion.
The IMF expects Bulgaria's economy to shrink by seven per cent in 2009, with projections for 2010 estimating a 2.5 per cent contraction.
Seven thousand people lost their jobs in October, labour minister says
Once the promotional tickets are purchased during the discount window, they will be valid for the period January 4–March 30 2010
Flannagan’s will be replaced by a French brasserie as part of a 10 million euro Radisson renovation
Globul has accumulated a profit of 139.1 million euro for the period January – September 2009, or a 0.3 per cent drop as opposed on last year’s results
After 100 days in office, Finance Minister Simeon Dyankov pinpoints 10 key issues for Cabinet in ‘the next 100 days’