Sat, Nov 21 2009

The full impact of the global financial crisis may not yet have taken hold on Bulgaria, but already the country has seen a number of job losses and announcements that some firms are rethinking investments. Machine builders and electronics makers are feeling the full brunt of the crisis with car battery maker Monbat and starter and torque batteries maker Elhim Iskra planning to eliminate further jobs amid darkening sales outlooks, Dnevnik reported on December 12.
In a year beset by the tribulations of the global financial crisis, the German minister of economics and technology Michael Glos celebrates the German economy's triumph. Sounder public finance, rising employment and falling unemployment, growing individual incomes and broadening opportunities for local companies underpin its achievements and feature in the country's Annual Economic Report 2008.
Economy Minister Petar Dimitrov delivered one of the quotes of the year so far when he put his faith in God to improve the standard of living in Bulgaria. Talking to reporters in Varna this week, he said: "If God turns out to be Bulgarian, we will be living better years from now". It would take nothing short of divine intervention to accomplish the scenario he was talking about - Bulgaria catching up with the rest of the European Union. It would take a mere decade for Bulgaria to accomplish that, provided that its economy grew by 15 per cent in that time, while the rest of the EU trudged along at a pedestrian rate of two per cent, according to Dimitrov.
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.
ever heard of Chicken krenvirshi?
you can make krenvirsh out of anything, including cardboard.
Silly photo...they won't want Bulgaria Pork "Krenvechi" Bulgarian white cheese, honey, jam and bottled fruits are popular in the near east...Not Pork