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 [...]
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 [...]
Bulgaria‘s economic growth is expected to slow-down to 1.2% in 2012 in the wake of the continued crisis in the eurozone and stagnant domestic demand, according to Citigroup analysts. GDP growth next year is forecast at 2.5%. Interestingly the financial institution warns that the next general elections, due in the middle of 2013, may undermine the implementation of key structural reforms in the coutry. Earlier this month Bulgarian analysts [...]
Bulgaria‘s jobless rate in will continue to increase in 2012 as the economy hovers on the brink of its second recession in three years in the wake of the slump in theeuro zone, analysts have warned. The unemployment rate stood at 11.5% last month with the total number of people who are unemployed towering to 376 171, up by 10,000 over the previous month, [...]
Bulgarian consumers‘ sentiments continue to trend downwards as prices of staple foods hit record highs, a survey shows. There was no hope for higher incomes among Bulgarians in the first quarter of 2012, while fuel prices remained the main factor for inflation, according to a poll, conducted by market research institute GfK. Consumers are afraid that the prices [...]
Societe Generale Expressbank is the winner in this year’s contest for Bulgaria’s “Bank of the Year“, the Bank of the Year Association has announced. Bulgaria’s 14th annual Bank of the Year awards – first started in 1992 – were revealed at a news conference in Sofia on Wednesday in seven different categories, including the big [...]
Bulgaria registered a negative foreign direct investment inflow of EUR 62.5 M in the first four months of 2011, according to latest data of the Bulgarian National Bank (BNB). The central bank points out that the outflow of FDI from Bulgaria is “due to net payments on intercompany credits in accordance with the loan repayment [...]
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