Bulgaria's Economy in Upswing, US, EU Must Learn from Us - Finance Minister

Bulgaria's Economy in Upswing, US, EU Must Learn from Us - Finance Minister

Bulgaria's Cabinet is not drafting new anti-crisis measures because the Bulgarian economy is in an upswing, according to Finance Minister Simeon Djankov.

"There is no risk of rising unemployment in Bulgaria. There is no risk for the deposits. Actually, the deposits in the Bulgarian banks are going up. More and more foreigners are putting their money into our banks, especially people from Greece and Romania, but not only," Djankov declared on Nova TV Tuesday morning.

He stressed that the tax burden in Bulgaria remains the lowest in the EU, and that Bulgaria stands out in terms of its macroeconomic stability.

He further declared that while back in 2009 Bulgaria was ready to apply to join the euro zone but it was told to wait, Bulgaria's fiscal situation is now better than that in the euro zone, and Bulgaria will be waiting out to put its euro bid on the table until the situation stabilizes./Source: Sofia News Agency/

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