Krízový Manažment 2010, 9(2):75-77 | DOI: 10.26552/krm.C.2010.2.75-77
THE IMPACT OF GLOBAL FINANCIAL AND ECONOMIC CRISIS ON THE ECONOMY OF BULGARIA
- Todor Kableshkov Higher School of Transport, 158 Geo Milev Str., Sofia, Bulgaria
The deepening of the crisis and its negative consequences are felt more and more evidently in Bulgaria. Typical for Bulgaria is that the crisis is financial and economic crisis there. The market shrinking and decrease of industry and trade have inevitably resulted in delay of investments and foreign capital flows in the country. Crisis in Bulgaria came later, suggesting and its later recovery. The Bulgarian economy is a strong correlation with Europe and the sooner the recovery started in the EU, the smaller will be the risks to our country.
Published: September 30, 2010 Show citation
References
- Bulgaria's economy, Center for Economic Development, Sofia,2009.
- International Monetary Fund, World Economic Outlook - Crisis and recovery, April 2009, http://www.imf.org/external/pubs/ft/weo/2009/01/index.htm.
- Statistical Directory, www.nsi.Bg.
- Bulgarian National Bank, www.bnb.bg.
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