Sun, Nov 22 2009

Growth in real GDP 2009 in South-Eastern Europe, based on EBRD forecasts as of May 7, 2009. EBRD Press Release, May 7 2009.
Photo: Jens Bastian
Crisis Lending to Countries in Central, Eastern, Southeast Europe
Photo: Jens Bastian
Remittances in percentage of GDP 2008 in South-Eastern Europe
Photo: Jens Bastian
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‘We know that the work in Bosnia and Herzegovina requires some effort and demands that we are vigilant about the domestic political situation,’ Javier Solana, High Representative for the EU’s Common Foreign and Security Policy, said.
There are encouraging signs that the Serbian economy’s decline seems to be moderating, the IMF says. While developments in the first half of the year have been somewhat worse than previously anticipated, financial tensions have eased, the Fund says.
Euro area GDP down by 2.5 per cent and EU27 GDP down by 2.4 per cent in the first quarter of 2009 compared to Q4 2008, and 4.9 per cent and 4.7 per cent, respectively, compared with Q1 2008.
Bulgaria’s five neighbouring countries have economic troubles of their own
A year after the Cabinet announced its plan to help Bulgarian exports, the deficit narrowed to 1.6 billion leva in April 2009.
As labour unions protest against the Cabinet’s crisis-fighting plan, statistics claim household income is on the rise and labour productivity is falling
A 30 per cent drop of foreign investments is expected in Bulgaria in 2009 according to data from the Bulgarian Investment Agency.
The unfolding global financial crisis was the first serious test faced by the globalised economy and central banks had a duty to reinforce the resilience of the global financial system, European Central Bank president Jean-Claude Trichet said in Sofia on June 12
Strong public opposition to price hikes prompted Prime Minister Boiko Borissov to axe the Finance Ministry proposal to increase the excise duty on spirits, but MPs have put it back on the agenda.
Bulgaria’s Cabinet seeks to reverse recent changes in the telecommunications sector
Kremikovtzi’s prospects for a recovery plan appear increasingly distant
Bulgarians are getting the hang of debit and credit cards, MasterCard says
The two telecoms, both set up to challenge former fixed-line state monopoly BTC, will merge operations and expect to report 20 million euro in revenue and a gross profit of five million euro in 2010.