While most of Europe is swamped by debt and deficits, its poorhouse, Bulgaria, boasts financial health. The 2010 government budget envisions a 0.7 percent deficit. This is nearly 10 times below the average of the 16-member eurozone.
Bulgaria's inflation slowed down to an annual rate of close to two percent in 2009, from 12 percent a year before, while public debt equals 16 percent of GDP compared to almost 80 percent in the euro area.
In this context, Prime Minister Boiko Borisov ...
Back our independent journalism by becoming a supporting member
Already a member? Login here