Erste Group Bank AG, one of the four biggest lenders in the former communist part of Europe, keeps Bulgaria in its plans, but in the longer term, its chief executive has said. “If we look into the long term, the market we have to move into urgently – and urgently means for me sometime in the next 25 [...]
Bulgaria has registered an increase in its foreign direct investment in January-March 2012 year-on-year, according to the latest data of the Bulgarian National Bankreleased Wednesday. According to preliminary data, the Foreign direct investment in Bulgaria for January – March 2012 amounted to EUR 236.8 M (0.6% of GDP), compared to a negativeFDI of EUR 42.2 M (0.1% of GDP) for January [...]
Household spending in Bulgaria increased by nearly 15% in the first three months of 2012 compared to the same period in 2011, according to data of the National Statistical Institute (NSI). Meanwhile, household incomes increased by 10.6% in Q1 2012, compared to Q1 2011. Spending on food and housing accounted for over 52% of the total spending. [...]
The Gross Domestic Product, GDP, in Bulgaria in the first quarter of 2011 increased by 0.5%, compared with the same quarter of the previous year. GDP remains at the same level compared to the fourth quarter of 2011. These flash estimates were released Tuesday by the Bulgarian National Statistics Institute, NSI. According to the flash GDP estimates for the first quarter of 2012, the GDP at [...]
The consumer price index (CPI) in Bulgaria in April 2012 compared to March 2012 was 100.2%, i.e. the monthly inflation was 0.2%. The inflation rate since the beginning of the year (April 2012 compared to December 2011) was 1.6% and the annual inflation in April 2012 compared to April 2011 was 1.7%. The data was reported Monday by the Bulgarian National Statistical Institute (NSI). The annual average inflation, [...]
Bulgaria‘s growth continues to slow, mostly reflecting external headwinds, but there is room for optimism due to the expected euro area recovery in the second half of the year, IMF mission chief for Bulgaria has said. “Real GDP growth is projected to reach 0.8% in 2012, which is lower than our previous forecast. Growth is expected to rise moderately [...]
Bulgaria should prudently increase the fiscal reserve and steer clear of reducing it,IMF mission has concluded at the end of its visit here. “Fiscal buffers need to be raised to safeguard resilience. At this juncture, it would be prudent to increase the fiscal reserve, and to avoid steps that would reduce it,” IMFmission chief Catriona Purfield said in [...]
The European Union‘s executive will suspend in the short term the excessivebudget deficit procedure against Bulgaria as the country has taken adequate steps to correct it, a deputy finance minister believes. Bulgaria‘s budget deficit dipped below the European Union limit of 3% of gross domestic product last year because of the government’s prudent fiscal management, Deputy Finance Minister Boryana Pencheva told MPs from the European affairs parliamentary committee. “Eurostat, the EU’s statistical agency, [...]
Bulgaria’s final foreign direct investment for 2011 will probably amount to EUR 1.6 B, according to Borislav Stefanov, head of the InvestBulgaria Agency. “Foreign direct investment for 2011 has already surpassed EUR 1 B. I suppose that 2011 will be similar to 2010 in that regard, i.e. Bulgaria’s final FDI figure will be about EUR 1.6 B,” Stefanov told BNR. The Director [...]
Since the beginning of the year, no money has been transferred to Bulgaria‘s Silver Fund, set up to anchor the public pension system, shows its balance sheet, published online by the finance ministry. Under local legislation the money in the Silver Fund comes from privatization deals, concessions, and budget surpluses (if any). The money the Bulgarian state got from [...]
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