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 [...]
May 15, 2012 | Posted in
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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, [...]
May 10, 2012 | Posted in
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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 [...]
May 10, 2012 | Posted in
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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 [...]
April 25, 2012 | Posted in
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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, [...]
April 25, 2012 | Posted in
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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 [...]
April 21, 2012 | Posted in
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Bulgaria’s Gross Domestic Product at current prices reached a little over BGN 21 M in the third quarter of 2011, according to the country’s National Statistical Institute. According to the institute’s seasonally adjusted data, the GDP growth rate in the third quarter of 2011 was 0.3% compared with the second quarter of 2011 and 1.6% [...]
December 6, 2011 | Posted in
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Bulgaria’s economy performed slightly better in the second quarter than was originally estimated, according to seasonally adjusted data of the National Statistical Institute. Latest NSI data released Tuesday indicated that Bulgaria’s GDP grew by 0.3% in the second quarter of 2011 compared with the first quarter – an improvement compared with the 0.1% growth for [...]
September 7, 2011 | Posted in
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The average incomes of Bulgarians will surpass those of Romanians in two years, Bulgaria‘s Finance Minister Simeon Djankov vowed on Tuesday. Djankov announced his ambitious plan speaking before the private bTV channel. He pointed out the Bulgarian GDP per capita expressed in Purchasing Power Standards is 43% of the EU average, while Romania‘s is just [...]
July 7, 2011 | Posted in
Finance |
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