The EU is not all honey for countries that do not keep up with their economic schedule. EU budget rules -- the Stability and Growth Pact -- say that during economic good times, countries that have not yet achieved their medium-term budget position should cut deficits by at least 0.5 percentage point a year until they reach the target. This is the case with Romania, Bulgaria and Latvia. Latvia has experienced during the last couple of years a phenomenon of economic heating with a 10 percent growth per year, which might prevent it from reaching its budgetary goals.
Bulgaria, which joined the EU in January with Romania, should try to achieve a higher budget surplus to contain macroeconomic risks from the country's ballooning current account deficit.
In spite of the economic misleads foreign investors seem to consider the Eastern European markets as rewarding assets. This is the case with The Foundry Schools who will soon start the “Be a Part of It” promotional tour in Eastern Europe. The Foundry School which i am currently attending offers training courses for PR practitioners, translators and computer engineers. It is a training, research and development center working on behalf of SigEx Inc. The revolutionary platform it uses for communication is based on the SuperPBX concept. The Foundry and Sigex Inc. are the creation of CEO Chris Cantell and COO Frederic Artru - two professionals in their field of activity. For more information on financial issues please check the SigEx Foundry press release at ( http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/02-27-2007/0004536050&EDATE= ).
Diana Zotescu, student at SigEx Foundry ( http://sigexfoundry.info ).
"Multimedia & Broadcasting" project of The Foundry School ( http://sigexventures.info).
