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No Safe Haven on the Euro Fringe

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By Harvey Morris, International Herald Tribune

How many Danish krone to the Bulgarian lev? Give up? Well, for the benefit of any Danes who might be planning a trip to Bulgaria, it is a little over 3.8 to 1. For now, that is.

Denmark and Bulgaria are among 10 members of the 27-member European Union that do not use the euro. You might be tempted to think the outsiders would be feeling quite smug right now, as they contemplate from afar the anguish of the single currency.

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Bulgarians Spend Almost Entire Income to Meet Consumer Needs

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Close to 84% of the income of Bulgarians is being spent in covering basic consumer needs, according to official statistics revealed Saturday.

Bulgaria's National Statistical Institute has estimated that in 2011 Bulgarians spend most for food - some 35% of their income.

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EUR 120 M 'Sofia Ring Mall' to Be Completed July 2013

The future Sofia Ring Mall – which is to become Bulgaria's largest retail and entertainment destination together with the closely located store of IKEA Bulgaria – is to be completed by July 2013.

The EUR 120 M shopping center will provide to its customers views towards the city and Vitosha Mountain and a lot of green areas.

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