Plot At The Sea - ID 1587

Bulgarias Economy Grows More Vulnerable Coface 01/04/2008
French-based leading credit management firm Coface put Bulgaria in its list of countries under surveillance due to the increasing amount of business risk, the credit insurance agency said in a statement on March 30. Coface also downgraded its country risk rating from "A4", which it assigned in January last year, to "A4-". Coface’s rankings, encompassing 165 countries across the world, reflect the trends in three main directions - business climate, economic and financial perspectives, as well as firm policy regarding payments. The countries are classified in seven risk levels: А1, А2, А3, А4, В, С and D, moving from the safest towards the riskiest end of the gauge. Rising current account deficit has rendered Bulgarian economy highly dependent on foreign investments and has raised the... more

127 Million Euros Funds Granted To Bulgaria 19/03/2008
After entering the European Union and now being a full member of the European community, Bulgaria is about to receive 11 Billions Euros for regional development for the period 2007 - 2013. The largest part of the European funds will be allocated by the Bulgarian Ministry of the Regional Development. The allocating of the money, the choosing of appropriate projects and their implementation will be controlled by the Direction for "Programming and Regional Developments". The State Tourism Agency will receive only 15 % of the sum and it will be for national tourism marketing. Nearly 177 million Euros (which equals to 13 % of 1, 4 milliard EUR granted for regional development) are allotted for the Bulgarian tourism development. Together with another 15 % co-financiering by the budget, the... more