Bulgaria’s economy will fail to grow until 2011, lagging behind other European Union states, where most of the Balkan nation’s exports are shipped… Real estate, construction and financial services, which drove growth before the crisis, won’t be able to recover to pre-crisis levels… Recovery will have to be export driven
But what can Latvia offer? Or Lithuania with Estonia? We already now expect fast recovery in 2010. But Baltic case is much more complicated than Bulgarian. There are several short but explicit reasons.
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