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» finance.news.bg

Wednesday, June 19

Top stories in today's papers

Updated on: 18.03.2009, 10:59

Published on: 18.03.2009, 10:09

Author: Stefan Nikolov

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Here you will find the latest articles, news, interviews and comments from today's Bulgarian press:    

The Trud daily

"IMF: the lev is overrated", "Trud" cites an opinion of the experts of IMF. One of the conclusions of the directors of IMF in the yearly report for the consultations with our government is that the effective rate of exchange in Bulgaria is overrated, but it is hard to say by how much. In its report IMF advises the cabinet not to continue to destroy the competitiveness of our economy through an increase of work salaries above productivity. The high dependence of the country on foreign investment is being assessed as a risk.

"They frame their bosses for false salaries", the Executive Director of the Chief labor inspection Galab Donev said for "Trud". The increase of those employed "illegally" for now was one of the clearest manifestations of the crisis. Donev stated that for a certain time the signals of the workers that they are being paid false salaries have increased. Only for the first two months over 250 signals have been submitted, mostly in Sofia and the big cities.

The 24 chasa daily

"Extreme Islam? Yes, but only the minds of the politicians", Antonina Zhelyazkova, Chair of the International center for research of minorities and inter-cultural interactions, commented in "24 chasa". There are neither terroristic cells, nor religion, which can be defined as radical, Zhelyazkova is emphatic. There is something repulsive ugly and degrading for all of us as a society that the selected by us politicians do not shy away before elections to vegetate on human conflicts, nor to abuse the intimacy of faith, she points out.

"We are looking for a way out of the crisis with Lithuania", with this heading "24 chasa" announces the talks of President Georgi Parvanov  in Lithuania, where he is currently on a visit. It is important that the countries work out a unified position for overcoming the world economic crisis and to stick with it, in order to deal with the problems, was the general opinion of Parvanov and the Chair of the Parliament of Lithuania Arunas Valinskas at a meeting with Vilnius.

"5% less insurance, 130 000 workers more", Simeon Dyankov, Chief economist of the World bank, explains for "24 chasa". He considers that it would be good if due to the crisis some taxes are reduced, so that there are more money at the disposal of the people and the business and so that a big unemployment is avoided. Recently we made an analysis, which showed that the reduction of social insurance by 5 percent might be reflected in the preservation of 130 000 work places in Bulgaria, Dyankov said.

The Sega daily

"Without a savior "Kremikovtzi" starts liquidation in June", the syndic of the factory Tzvetan Bankov announces for "Sega". He explains that at the moment there is an investment interest only from the Brazilian company CSN and that is why negotiations are led only with it. Their offer is that they buy metallurgical coal, while "Kremikovtzi" processes it for them.  

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