Archive for February 23, 2009

Greek truck-driver strike continues

Greek trucks are blocking the country’s border crossings and harbours for the fourth day in a row. Drivers are protesting against what they say are inadequate border controls. They say illegal immigrants can easily climb aboard their trucks in the hope of reaching other European Union countries. The drivers say lax security has resulted in many drivers being wrongly sentenced for the smuggling of illegal immigrants.

The protests have prompted a furious reaction from Bulgaria, as they prevent goods from arriving from the Greek harbour of Thessaloniki. Earlier this month, in an unrelated protest, Greek farmers blockaded the border crossing between Greece and Bulgaria for ten days.

Pioneer Resort Bulgaria Razlog Bansko

Bulgarian expats sent €1.5B home in 2007

Money sent home by Bulgarians living abroad have boosted the Bulgarian economy with €1.5 billion in 2007, the latest data from the World Bank showed, as quoted by the Bulgarian National Radio.

For most developing European countries, migrant workers sending money back to their relatives back home was the second most important source of external revenue, both for individual households and for the economy as a whole, after direct capital investments.

In recent years, remittances have played an increasingly important role for the economies of many countries, contributing to economic growth and to the livelihoods of wide swathes of people – although generally not necessarily the poorest of the poor. As remittance receivers often have a higher propensity to own a bank account, remittances promoted access to financial services for the sender and recipient, an essential aspect of leveraging remittances to promote economic development.

But in a time of financial crisis and a constricting credit crunch which spells into shrinking direct capital investment, remittances  are expected to shrink drastically, as increasing number of expatriate workers may be forced to return to their home countries.

The volume remittances sent to Bulgaria put it in the top ten countries. It ranked sixth in the ranking topped by Romania with €5.5 billion, followed by Poland with €4billion, Serbia with €3.9 billion and the Russian Federation with €3.15  billion euro.

Comments made on students’ report cards…

1. Since my last report, your child has reached rock bottom and has started to dig.
2. I would not allow this student to breed.
3. Your child has delusions of adequacy.
4. Your son is depriving a village somewhere of an idiot.
5. Your son sets low personal standards and then consistently fails to achieve them.
6. The student has a ‘full six-pack’ but lacks the plastic thing to hold it all together.
7. This child has been working with glue too much.
8. When your daughter’s IQ reaches 50, she should sell.
9. The gates are down, the lights are flashing, but the train ain’t coming.
10. If this student were any more stupid, he’d be watered twice a week.
11. It’s impossible to believe the sperm that created this child beat out 1,000,000 others.
12. The wheel is turning but the hamster is dead.

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