Government Approves Report on Implementation of Consolidated Fiscal Programme in First Half of 2011

Government Approves Report on Implementation of Consolidated Fiscal Programme in First Half of 2011

Bulgaria's Council of Ministers on Wednesday approved a report on the implementation of the Consolidated Fiscal Programme in the first half of 2011, the Government Information Service said. The stabilization and gradual recovery of the national economy which started in the second half of 2010 continued into the first half of 2011, the report says.

The country's GDP grew by 3.4 per cent in the first quarter of 2011 and 1.9 per cent in the second quarter, compared with the like periods in 2010. These rates exceeded the average EU levels of 2.5 and 1.7 per cent, respectively. (Source: BTA)

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