Bulgaria President to Greek Business: Nothing Like Financial Stability

Diplomacy | July 5, 2012, Thursday // 14:28|  views

Bulgarian President Rosen Plevneliev during his visit to Greece. Photo by BGNES

Bulgaria has proven that financial stability and trust yield good results, Bulgarian President Rosen Plevneliev told Greek business representatives.

Bulgaria has successfully passed the test of international financial markets, Plevneliev reckons. He reminded that sold EUR 950 M worth of five-year government bonds at an interest rate of just 4.25%.

"The word "restrictions" is not positive, but we all know that financial discipline is important, and we should spend no more than what we produce," the Bulgarian President has stated.

He called for the introduction of mechanisms that would ease the development of small and medium-sized enterprises, which he believes are crucial for the Greek and Bulgarian economies.

Plevneliev reminded that Greece is Bulgaria's third most important trading partner and foreign investor. Bulgarian tourists are also an important factor for the Greek tourism sector, he added, as cited by 24 Chasa.

Plevneliev's two-day visit to Greece is on the invitation of his Greek counterpart Karolos Papoulias. The visit is to end on Thursday.

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Tags: financial stability, Greek, greece, business, Rosen Plevneliev


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