Global financial shocks will not affect Bulgaria - Prime Minister
Bulgaria is not likely to be affected by the financial problems of the United States and some European countries, Prime Minister Boiko Borissov told television station bTV on August 7 2011.
In addition, the "excellent financial discipline" of Bulgaria is expected to result in a rating upgrade by global rating agency Standard and Poor's (S&P) in a month, he said.
According to Borissov, "all parameters required by the contemporary financial policy are observed - spending money sparingly and only for structural projects: ecology, motorways, facilities, water treatment plants." He considers that all these projects will bring the country significant revenues.
On August 6, S&P cut the US's rating from triple-A for the first time in its history.
Borissov does not expect the debt crisis in the US and the euro zone to affect the size of financing provided by the European Union to Bulgaria, noting that days ago Brussels even allowed the country to use money from the funds to hire experts from the World and European Investment Bank, "to allows us to absorb EU funds more quickly."
Text: www.dnevnik.bg
Photo: Nadezhda Chipeva
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