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Bulgaria Won't Return to Pre-Crisis Growth

Date: 10.11.2009

Regardless when Bulgaria is going to recover from the economic crisis, it will not be able to achieve the pre-crisis levels of growth and low unemployment. This was stated Saturday by the Bulgarian Vice President of the World Bank, Kristalina Georgieva.

Georgieva said the government on the GERB party must focus on improving the business environment as well as Bulgaria’s international image so that it help Bulgarian businesses, and start attracting again large levels of foreign direct investments.

Georgieva is also quoted as saying that she had no ambitions to enter politics while she held the position of World Bank Vice President.

Over the summer of 2009, various reports claimed that Kristalina Georgieva was going to quit her job at the WB in order to become a Deputy Prime Minister in the Bulgarian government of PM Boyko Borisov.

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