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Petrov, Emil

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2 articles of this author have been cited in the European Press Review so far.

Trud - Bulgaria | 24/10/2011

Bulgaria missing out on huge trade with China

Bulgaria could become a bridge for Chinese investments in the EU, the Bulgarian politicians proclaimed proudly after their meeting with Chinese businessmen at the end of June in Sofia. But since then nothing has happened, the daily Trud complains and fears that Bulgaria has already been left out of the equation: "Back then there was talk of setting up a joint industrial zone [near Sofia]. Whether it will ever be built remains uncertain. Meanwhile Chinese investors are already signing impressive agreement with our neighbours Serbia and Romania. Bulgaria, on the other hand, has not managed to attract any money from Beijing so far. In the past 15 years the second-largest economy in the world has invested a paltry 17.4 million euros in Bulgaria. Yet in these times when almost all other states are struggling with their finances and banks China has a lot of money. We must really start thinking about why the Chinese are ignoring us."

Trud - Bulgaria | 24/08/2011

Boss of Standard & Poor's must go

The boss of US rating agency Standard and Poor's, Deven Sharma, will resign in September. The company announced this without naming exact reasons but it's easy enough to guess why, writes the daily Trud: "On August 5 S&P deleted one of the A's from the US's credit rating. Stock markets the world over plummeted and the price of gold reached a new all-time high as a result. The danger of a new recession overshadowed the already feeble recovery of the global economy. And two weeks later S&P boss Deven Sharma resigns. The company's management claims his replacement was already planned a year ago. But no one seriously believes that there is no connection between the downgrading of the US's credit rating and the change at the helm of the most influential rating agency in the world. The message is clear: The rating agencies should be more careful in future about how they allocate their letters, especially in the US."

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