Sat, Jul 04 2009

BULGARIA, EAST EUROPEAN COUNTRIES SLOW DOWN REFORMS- WORLD BANK

Fri, Jun 01 2007 10:12 CET 284 Views

The pace of reforms in East European countries members of the EU slowed down, World Bank (WB) said in a recent report.

These countries failed taking advantage of their increased economic growth and improving public financing, Dnevnik daily reported.

WB's expectations are that the growth rate of eight out of the 10 East European countries which joined the EU in 2004 and of the newest EU members Bulgaria and Romania will decrease. Only Slovakia and Poland will be exception of this tendency.

The countries did not use their economic growth to finish reforms and cope with their budget deficit.

The report said that only Bulgaria and Estonia have sufficiently tightened their fiscal policies in 2006.

Only Hungary and Poland will likely experience positive changes in 2007, the report said.

More ambitious fiscal policy was needed in Latvia while Bulgaria and Romania could also hardly afford to loosen their fiscal policy in 2007.

Write comment

Name: Comment:
Send your comment

More in this category

Bulgarian nationalists in border protests against ‘election tourism’

Ataka and Order Law and Justice parties stage symbolic blockades at Bulgaria’s borders with Turkey on eve of July 5 2009 parliamentary election, while reports record influx of would-be voters and, it is claimed, flights are being chartered from Turkey.

Bulgaria busts vote-buying operation

In a blow against a problem that has been plaguing Bulgaria’s elections, State Agency for National Security and Interior Ministry say several people in a ‘major criminal organisation’ have been arrested for vote-buying, on the eve of the July 5 vote.

Borissov’s party, socialists both make slight gains – new polls

Barometer Info survey on July 3 2009, just ahead of the eve of Bulgaria’s national parliamentary elections, gives GERB 27.05 per cent and Sergei Stanishev’s Coalition for Bulgaria 19.09 per cent.

Rousse Shipyards sack workers following strike

The exact number of people sacked from duty out of the 600 who refused to go to work on Monday is undisclosed, although reports claim that as of June 3 at least four people were told they were surplus to requirements.

Policy Brief: Bulgaria’s July 5 parliamentary elections

Open your mind and face the unknown: the 2009 general elections in Bulgaria.

© 2000-2009, Sofia Echo Media Ltd.

Web Design by RIZN

The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.