ANALYSIS OF THE FINANCIAL-ECONOMICAL CRISES IN BULGARIA – PROBLEMS AND PROSPECTS

ANTON MARINOV

 

Abstract

Bulgarian economics got in recession in 2009. The decrease in the demanding lead to firms’ bankruptcies, which caused a great amount of unemployment and even greater decrease in demanding. The recession in Bulgaria is expected to continue during the whole year of 2010.
The policy and the measures taken to the present moment, in order to control the recession and its consequences, does not give result, so they need to be reconsidered and corrected.
The aim of this study is to examine the problems of the Bulgarian economics, which derived from the financial-economic crises and prospects of dealing with them.
Object of this study is Bulgarian economics’ development for the period 2008-2010.
Methods used in the present study are: systematic approach, documents research; observation, collecting, processing and analyzing data; systematic, comparative and logical analysis and others.

 

Key words

economics, policy, measures, economic security, international financial-economic crises.

 

References

Angelov, G., “Impulse for Reform – Where Is It?”, a column in “Trud” newspaper, July 2010

Schneider, Fr., “Shadow Economies Around the World During 1999-2007”, The Economist, August 2010, htpp://www.economist.com/.

Budget and Governmental Public Insurance Act, updated as of 01.01.2010

Health Care Act, updated as of 01.01.2010

Social Insurance Code updated as of 01.01.2010

Employment Agency Website, http://www.az.government.bg/

Bulgarian National Bank Website, http://www.bnb.bg/.

BIA Website, http://www.bia-bg.com/

Eurostat Website, http://epp.eurostat.ec.europa.eu/

Vesti Electronic Magazine, http://www.vesti.bg/

Confederation of the Independent Trade Unions in Bulgaria (KNSB), http://www.knsb- bg.org/

Standard and Powers Website, http://www.standardandpoors.com/

Fitch Ratings Ltd. Website, http://www.fitchratings.com/

IMF Website, http://www.imf.org/external/country/bgr.

Ministry of Finance Website, http://www.minfin.bg/.

National Statistics Institute Website, http://www.nsi.bg/

World Bank Website, http://www.worldbank.bg/

 

Full Text: PDF (English)