Will Bulgaria Have a Stable Government After Yet Another Election in June? Our Readers Have Spoken
On our Facebook page, readers were asked about Bulgaria's stability after the June elections
The financial and economic crisis, which is shaking neighboring Greece, is beneficial for Bulgaria, according to the country's Finance Minister, Simeon Djankov.
Dajnkov had made statement in an interview for the German newspaper "Die Welt," where he says the crisis is not something pleasant, but there is certain gloat since Bulgaria has always been compared to Greece and it finally became clear that Athens is in a much worse situation.
The Minister has further said that Bulgarians are to an extend happy over Greeks' troubles while the comparison is helpful to the cabinet of the ruling, center-right Citizens for European Development of Bulgaria, GERB, party.
He explains that for a long time, Bulgarians, who have agreed to sacrifices, in order to keep their foreign debt at one of the lowest levels in Europe (16% from the Gross Domestic Product, GDP, in 2010), looked with envy at their southern neighbors over their higher living standards.
"And now Bulgaria is a shelter for the Greek business, investors and capitals. In the last two years, nearly 2 000 Greek companies relocated to Bulgaria and many Greeks put their money in Bulgarian banks," the Minister had stressed.
According to Djankov, about EUR 1 B have come to the country from Greece, which, he says, is a hefty amount.
"Nevertheless, I prefer for our neighbor to return on the right path; this will become an incentive for increased trade between us," the Minister concludes.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022