A mission of the International Monetary Fund (IMF) visited Bulgaria from October 18 to 25 to evaluate the country’s economic performance and discuss possibilities in 2007.
Bulgaria’s economic performance is strong. The GDP growth rate is expected to reach six per cent as a result of the high investment in the country.
Inflation would decrease to 4.8 per cent by the end of the year, IMF representatives said as quoted by Bulgarian National Radio.
One of the problems that the country still has to deal with is the high current account deficit. It could reach up to 14 per cent of the GDP by the end of the year.
This increase would result from the strong dynamism in the private sector, which could become even higher because of the easy access to credits. These negative tendencies would remain similar in 2007, the national radio reported.
Bulgarian authorities carried out sound fiscal policies. The budget surplus in 2006 could reach up to 3.3 per cent of the GDP, IMF predicted. Officials should try to keep inflation under control and should attempt decreasing the high current account deficit.
In order to be able to post comments you have to be registered user and logged in. Please click here to log in or register. Thanks!
Loading ...
Friday, July 25 2008
Expat of the Week
balbuzard50
I was born in Paris, France, and grew up betwin Germany and France.
I am a native speaker in ... read more
What`s on in Bulgaria
Cultural Institutes
DANA KYNDROVA, LIBUSI KYNDROVA, OCCUPATION, NORMALISATION, WITHDRAWAL What: A joint exhibition of photographer Dana Kyndrova and her mother, Libusi, remembering the occupation of Czechoslovakia by the troops of the Warsaw Pact forty years ago. When: June 30 to September 19 Where: the Czech Centre, 100 Rakovski Str, Sofia
Art
SUMMERTIME-IV, PART 1 What: General exhibition – Bogomil Arsov, Rosen Rashev, Boiko Kolev, Stelly Grancharov, Dimitar Karatonev. When: June 24 to July 31 Where: Paris Gallery, 8 Paris Str, Sofia
7TH LESSEDRA WORLD ART PRINT ANNUAL MINI PRINT 2008 What: This international exhibition/competition aims to show no other art has such big an application in modern society as graphic art. Its goal is to bring together participants and works from all over the world and forge contacts between artists and connoisse When: June 11 to August 31 Where: Lessedra Gallery, 25 Milin Kamuk Str, Sofia
MOMCHIL GEORGIEV, FINE ART What: Momchil Georgiev was born in 1974 in Plovdiv. He graduated with a degree in metal works from the National Academy of Arts, but currently works in the field of fine art. In this new exhibition at Agora Gallery, Georgiev presents his most recent work. His p When: July 9 to 29 Where: Agora Gallery, 3 Udovo Str, Sofia
KIRIL GYULEMETOV – 70 YEARS What: Kiril Gyulemetov (1938–2004) was a graphic. He did etchings, engravings on wood (though more rarely) and lithographies. He drew for more than 45 years – landscapes, people, objects, and ornaments. Fine art he did with oils, and he usually worked with aqua When: June 26 to July 25 Where: Altera Art Centre, 36 Dragan Tsankov Str, Interpred, Sofia
RADOSTIN DAMASKOV, SCULPTURE What: Radostin Damaskov has a degree in sculpture from the Veliko Turnovo University St St Kiril and Metodii. He has been a member of the Union of Bulgarian Artists since 1987 and has participated in a number of exhibitions in Bulgaria and abroad, as well as i When: July 9 to August 8 Where: Minerva Gallery, Grand Hotel Sofia, 1 Gourko Str, Sofia
ALEXANDER IVANOV, 360 BULGARIA What: Exhibition of 120 photographs of Bulgaria shot by photographer Alexander Ivanov from a paraglider. When: July 31 to August 28, at the entrance of Morskata Gradina (the sea garden), Varna September 5 to October 3, at the Central Square, Knyaz Alexander I Str, Plovdiv Where: Morskata Gradina (the sea garden), Varna and the Central Square, Knyaz Alexander I Str, Plovdiv
ALEC FINLAY, PRAVDOLIUB IVANOV, THOUGHTS WITHIN THOUGHTS What: British artist Alec Finlay and Bulgarian counterpart Pravdoliub Ivanov explore areas of artistic collaboration, cognition, playtime, dialogue and subtle irony through a series of new neon and print installations, sculptures, wall drawings and live perform When: June 21 to July 26 Where: ARC Projects, 4th fl, 90 Vitosha Blvd, Sofia
ANATOLII STANKOULOV What: The exhibition is the latest stop of Anatolii Stankoulov on his trip around Europe over the past year, during which he lived, painted and exhibited his works in Paris, then staged exhibitions in Barcelona and Belgrade. When: July 21 to August 20 Where: Minerva Gallery, Grand Hotel Sofia, 1 Gourko Str, Sofia
expat news
Cultural Institutes
Art
Live Music