Bulgaria threatened with bankruptcy, risk for the lev-euro rate, incomes get freezing

Bulgaria is facing bankruptcy and serious problems in maintaining fiscal stability.

The exchange rate of the lev to the euro could change. The Eurozone accession must be delayed for an unspecified time. To save fiscal stability, an IMF loan might be necessary. This could lead to severe financial restrictions. This could also result in an income freeze.

These are only a few of the grave problems facing our country. This information is part a Rositsa VelkovaZeleva, Finance Minister, report on budget preparation. BGNES has it.

If the country wants to avoid bankruptcy, it is urgent that the financial policy be corrected. This policy was established by the Petkov-Vasilev cabinet.

Bulgaria is facing serious financial problems and could be bankrupt.

The exchange rate of the lev to the euro could change. The Eurozone accession must be delayed for an unspecified time. To save fiscal stability, an IMF loan might be necessary. This could lead to severe financial restrictions. This could also result in an income freeze.

These are only a few of the grave problems facing our country. This information is part a Rositsa VelkovaZeleva, Finance Minister, report on budget preparation. BGNES has it.

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If the country wants to avoid bankruptcy, it is urgent that the financial policy be corrected. This policy was established by the Petkov-Vasilev cabinet.

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