All News on Economics in Bulgaria
Bulgarian Banks Keep Reducing Savings Interest Rates in April
Bulgarian banks continue to lower interest rates on savings products and to improve, mainly through new promotions, the consumer loans and credit cards conditions.
According to an analysis of MoitePari.bg for April 2014, there has been an improvement in the conditions for housing and mortgage loans, as banks mainly focus on cutting back fees, Bulgaria's National Radio informs.
Migrant Remittances to Bulgaria Reach BGN 12.2B in 10 Years
Remittances - money sent by Bulgarian migrants to family members back home – have reached BGN 12.2B in the past 10 years.
Bulgaria's Youth Unemployment on the Ebb
The number of unemployed Bulgarians under 29 years of age fell by almost 7,000 since the beginning of 2014, but still remains high - more than 68,000 people countrywide.
In the first months of 2014, about 5,450 young people have found a job or an internship through subsidized employment, while 15,000 were employed in the real sector, Dnevnik reports.
Corruption Hampers Bulgaria's Economic Growth – IMF
Economic growth in Greece, Bulgaria, Romania and Hungary are hampered by corruption, according to Aasim Husain, Deputy Director in the European Department of the IMF.
Bulgaria's Unemployment Expected to Stop Rising
Experts from the Bulgarian Academy of Sciences (BAS) expect that in 2014 the unemployment in the country will stop rising, and might even decrease.
The annual report of the BAS on unemployment and inequality trends in Bulgaria found, that the employment rate would rise very slightly in 2014 and will entirely depend on the growth of the GDP.
UK, France to Run Out of Oil, Coal, Gas in Few Years
Bulgaria will have run out of coal in 34 years, while Britain will have no oil, coal and gas reserves in just over five years, researchers have warned.
Bulgaria's GDP Records 1.1% Growth in Q1 Y/Y
Bulgaria's Gross Domestic Product expanded with 1.1 % in Q1 of 2014 over the same quarter of the previous year and with 0.2 % compared to Q4 of 2013.
Bulgaria's Third Countries Exports Decline in Q1 2014
In Q1 2014 Bulgarian exports to third countries decreased by 16.8% compared to the corresponding period of 2013 and amounted to BGN 3.4B.
Bulgaria's Exports to EU Record Slight Decrease in Jan-Feb 2014
In the period January-February 2014, Bulgarian exports to the EU decreased by 0.1% compared to the corresponding period of the previous year and amounted to BGN 4B.
EC: Bulgaria's Economic Growth Accelerates, but Downside Risks Remain
European Commission's Spring 2014 forecast.
The economic recovery in Bulgaria is expected to firm in 2014 and 2015 as domestic demand gradually strengthens.
Bulgaria's Employment Agency: 32 Unemployed Compete for One Vacancy
An average of 32 people compete for 1 vacancy in the private sector, the most intense competition being in Kardzhali, and the weakest in Sofia, according to Employment Agency data.
Bulgaria to Host 2015 IMF, World Bank Meeting
Bulgaria will host the annual meetings between the International Monetary Fund and the World Bank next year.
The government decided on Tuesday to accept an existing proposal according to which the IMF-WB meetings could take place in Bulgaria, Dnevnik.bg has reported.
Bulgaria's Unemployment Rate Remains Unchanged In March
Unemployment rate in Bulgaria in March retained its level of 12.2%, shows data of the Employment Agency.
The percentage is unchanged, compared to January and February of this year. According to the head of the agency Asen Angelov, this was a good sign because it stopped the trend of increasing unemployment and because in winter unemployment traditionally grew.
Consumer Prices In Bulgaria Continue to Drop
Consumer prices in Bulgaria continue to drop in March, but at a slower rate than in February, said the National Statistics Institute (NSI).
The data shows that this is an ongoing trend since August 2013.
The consumer price index for March 2014 has dropped by 0.2%. The deflation since the beginning of the year is 0.8%. The deflation for March year-on-year is 2.3%.
Bulgaria's Mobile Operators Tariff Cuts Come Into Effect
Bulgaria's three mobile operators introduce lower mobile phone calls tariffs as of Monday, 14 April.
So far, phone calls were charged every 60 seconds, meaning that each call longer than 61 seconds was charged at the cost of two minutes.