Bulgaria: Bulgaria's annual inflation rate slowed to 11.2 percent in October, down from 11.4 percent in September, reflecting the drop in global oil prices, the government said Wednesday.

Bulgaria has one of the highest inflation rates in the European Union, which it joined in 2007. Last year, annual inflation reached 12.5 percent has impacted in bulgarian properties prices

The government aims to reduce inflation this year and foresees it to drop below 6 percent in 2009 due to lower than expected economic growth, foreign investments and domestic consumption as a result of the global financial crisis and will push the sales along of bulgarian property