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Bulgaria Wins Praise for Austerity Efforts

BulgariaPosted by Chambers of Commerce Sweden - Southeast Europe Mon, September 14, 2009 23:07:26

Bulgaria's new government has slashed spending and seen its approval ratings rise, making a political star out of Simeon Djankov, a former World Bank economist who runs the finance ministry.

The government, led by Prime Minister Boyko Borisov, swept parliamentary elections early in July on a promise to ease the recession and bear down on levels of corruption that prompted the European Union to freeze $1.56 billion in aid funding. (Wall Street Journal, Sept 7).

Picture showing Finance Minister Simeon Djankov.

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