Bulgarian President optimistic on SEE economic future

If the pace of development of the countries of South Eastern Europe is maintained, the region will be in the world’s top 10 economies in five years, Bulgarian President Rossen Plevneliev said on June 1, quoting an International Monetary Fund projection.

Plevneliev was speaking in Sofia at a South Eastern Europe Cooperation Process (SEECP) summit being hosted by Bulgaria to mark the organisation’s 20th anniversay.

He said that 20 years ago, the combined gross domestic product of the countries of South Eastern Europe was 440 billion euro, and today it was triple that.

“According to the IMF, if we maintain this pace of development, after five years the region’s GDP will reach 1600 billion euro, this figure will put us together as a region in the top 10 world economies,” Plevneliev said.

The summit is being attended by, variously, heads of state and government and foreign ministers from Albania, Bosnia and Herzegovina, Kosovo, Moldova, Macedonia, Montenegro, Romania, Serbia, Greece, Slovenia, Croatia, Turkey and the secretaries-general of the Organization for Security and Cooperation in Europe and the Regional Cooperation Council.

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(Photo: president.bg)