Bulgaria Economy Minister: Tourism, Farming to Help Avoid Crisis

2009-05-09

The 3% decrease of Bulgaria's Gross Domestic Product (GDP) is due to the shrinking of the industry. The statement was made Saturday by Bulgaria's Economy and Energy Minister, Petar Dimitrov, during a visit to the Black Sea city of Varna. According to Dimitrov, the industry's 20% decrease during the first quarter of 2009 led to the GDP reduction. The Minister further stated that if the harvest and the tourist season end up being good for Bulgaria, the country could avoid recession and the economy during the second and third quarter could run into the positive side.