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Immigrants Fuel Economic Boom in GB

Date: 10.09.2006

Bulgaria will join the EU on January 1, 2007 but financial aid might be suspended

The unexpected economic growth in Great Britain is manly due to the influx of immigrants, reads The Evening Standard. The newspaper bases its analysis on the conclusions of the Economic and Business Research Bureau. Immigration is one of the logical explainations for the unexpectedly high economic growth, the stable real estate market and the high corporate profits. An estimated 1.5 million immigrants are currently working in Britain.

Bulgaria and Romania will join the EU on January 1, 2007 but under strict conditions, reads the German newspaper Die Welt quoting high-ranking officials with the European Commission. Aids for the region can be suspended if the EU funds are not distributed and absorbed properly. If the two countries do not observe all food control regulations, they will have to face trade sanctions. If reforms in the Bulgarian judiciary are not passed Bulgarian court rulings might not be valid in the EU.

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