Deutsch
English
FrançaisSub menu: Home
Home / Index of Authors
Angelov, Georgi
Subscribe to receive the texts of "Angelov, Georgi" as RSS feeds
3 articles of this author have been cited in the European Press Review so far.
Bulgaria must further improve credit rating
The rating agency Moody's has upgraded Bulgaria's credit rating by one notch for the first time in five years, raising it from Baa3 to Baa2. This means Bulgaria assumes a leading position among the Balkan countries after Slovenia. But the daily Sega is still not satisfied: "It is no longer enough to compare ourselves only with the Balkan states. Our country must catch up with the leading new EU members and even try to attain the status of the big European states. At present Bulgaria's rating is four notches below that of Estonia, the Czech Republic and Slovakia. ... Germany's credit rating is no less than eight notches higher. Moreover, Moody's has warned that it will lower the rating if Bulgaria increases its budget deficit and foreign debt. This means there's still plenty to do. The current improvement in our rating should not be seen as the final destination but the beginning of an effort to restore investors' confidence in Bulgaria."
» full article (external link, Bulgarian)
More from the press review on the subject » Fiscal Policy, » Economy, » Bulgaria
Euro pact hurts poor countries
To prevent further debt crises in euro countries, the heads of state and government of the Eurozone agreed last Thursday on a stability pact for the euro. But the daily Dnevnik finds the agreement discriminating: "The countries outside the Eurozone had no part in the negotiations. Nevertheless they were put under enormous political pressure to declare 'volontary' support for the pact. The pact clearly violates the principle of equality in the EU and serves to usher in a policy that will only harm the poor countries and hinder their economic growth. The pact for the euro aims to coordinate and harmonise taxes. But that has nothing to do with the stability of the euro, and is mainly pursued by France in the hope of prohibiting low tax rates. ... But if poor countries have the same high tax rates as the rich ones, they will never achieve growth and prosperity."
» full article (external link, Bulgarian)
More from the press review on the subject » EU Policy, » Economic Policy, » Europe
Ireland as a model for Bulgarian economic reforms ?
In the 1980s Ireland was still a relatively poor and economically weak country. To remedy this situation a social pact was introduced, which foresaw a slower increase in salaries and was aimed at boosting the economy and cutting state expenditure. At the same time radical reforms were pushed through. Economist Georgi Angelow looks at what Bulgaria might learn from Ireland: "The Bulgarian trade unions have only one goal: higher salaries. But unlike Ireland the government is not introducing reforms, and when it promises to do something it's always postponed to some distant point in the future. Unlike the Irish the Bulgarians still haven't understood that the economy must produce more for salaries to be increased. They don't understand that the state must spend less so that more money remains for workers."
» full article (external link, Bulgarian)
More from the press review on the subject » Health Policy, » Ireland, » Bulgaria
© 2005-2012