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Oct 21, 2009 12:22 EEST
October 21 (SeeNews) - Following are some of the main stories in Bulgarian newspapers on Wednesday morning. SeeNews has not verified these reports and cannot vouch for their accuracy.
- If Bulgaria's government decides to deposit part of the country's fiscal reserve with commercial banks in search of higher interest, it will hold a tender to select those banks to ensure transparency of the process, Prime Minister Boyko Borisov said. Currently, the government holds the fiscal reserve with Bulgaria's central bank at an interest rate lower than one percent.
- The construction of 150,000-160,000 square metres of office area is frozen at the moment, said Anton Slavchev, an office and business parks manager at Colliers Internatonal Bulgaria.
- Bulgarian households have lost 83 billion levs, which is equal to 130% of the country's gross domestic product, as a result of the bubble burst on the local real estate market between the third quarter of 2008 and the end of the second quarter of 2009, said Kristofor Pavlov, chief economist and head of economic research unit in UniCredit Bulbank.
(1 euro = 1.95583 Bulgarian levs)
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