Банкеръ Weekly

Briefs

BULGARIA SENDS TO BRUSSELS ITS PLAN FOR ECONOMIC DEVELOPMENT TILL 2006

The Updated National Plan for Economic Development and Partnership when Projecting the Structural Instruments was presented at a seminar in the Sofia Hilton, held during the week. The document has been approved by the Council of Ministers and will be sent to the European Commission.The national plan is the first attempt to define the terms and targets for the operation of the Bulgarian economy in order to achieve the standards required for the country's accession to the European Union (EU). It covers Bulgaria's development till 2006 and sets the national priorities, among which are restructuring and institutional strengthening.One of the document's main purposes is to establish a suitable environment for Bulgaria's integration into European structures. In other words, sustainable growth should be achieved, accompanied by low inflation and strict financial discipline. Differences in the regions, concerning employment, incomes, and the quality of infrastructure, should be reduced as well. The country should also pass to another stage of managing the funds, allocated by the EU. Among the most important recommendations is to improve coordination between the institutions and and the social and economic partners in order to avoid the proposal on the part of different organisations of one and the same projects for financing.

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