All News on Economics in Bulgaria
Bulgaria's Exports to EU Grew, Imports Shrank in Jan-Jul
Bulgarian exports to the EU grew by 4.3% in the first seven months of this year, compared to the same period of 2015, while imports from other member states dipped slightly, statistics show.
Exports amounted to BGN 17.4966 B. The main trade partners included Germany, Italy, Romania, Greece and France, accounting for 64.7% of the exports to EU member states.
IMF Officially Revises Growth Forecast for Bulgaria
BNB Reports Positive Balance Of Payments in July
In July, Bulgaria's balance of payments remained positive and marked a solid improvement for the first seven months of 2016, showed BNB data, cited by BNR.
The current account balance and the capital account balance were positive in July and amounted to Euro 635.7 M, compared to a surplus of Euro 566 M in July 2015.
Bulgaria's Exports Grew 4% in 2015 - Final Data
Bulgaria exported BGN 44.949 M worth of goods last year, the National Statistical Institute (NSI)'s final data shows.
The figure constitutes an increase of 4% compared to the previous year.
The highest growth in exports was observed in March (24.4%), the largest fall having been in September (7.5%).
Bulgaria's Fibank Repays BGN 1.2 B State Aid
Bulgaria's First Investment Bank (Fibank) has repaid the BGN 1.2 B state aid, which was provided to the bank in June 2014.
The repayment was made in compliance with the plan approved by the European Commission in November 2014. The international rating agency Fitch confirmed the bank's ratings with Stable outlook.
Bulgarian Govt Proposes to Ban Sale of Two Key Arms Firms
The Bulgarian government has proposed to ban the sale of arms manufacturer VMZ-Sopot and arms trader Kintex on account of their major importance for national security.
Draft legislation to put the two wholly-state owned companies on the list of enterprises banned for privatisation would be submitted to parliament for approval, the cabinet decided at a weekly meeting on Wednesday.
Bulgaria Registered 0.3 % Deflation in February
According to the latest figures of the National Statistical Institute (NSI) released on Monday, the index of consumer prices stood at 99.7 % in February this year compared to the previous month.
This means that Bulgaria registered a monthly deflation of 0.3 % compared to January
Compared to the same month last year, there was an annual deflation of 0.5 %.
Bulgaria Registered Six-Year Peak in FDI in 2015
Bulgaria Had 0 % Monthly Inflation in December 2015
According to the latest figures of the National Statistical Institute (NSI) released on Thursday, Bulgaria registered an annual deflation of 0.4 % in December last year.
The index of consumer prices in December 2015 compared to the previous month was 100 %, which meant that the monthly inflation was 0 %.
Flow of Illegal Migrants at Bulgaria's Lesovo Increases - bTV
Bulgarian authorities have been faced with increased flow of illegal migrants across the country's border with Turkey in recent days, bTV broadcaster reported on Tuesday.
Several groups of migrants have been detained by border police while trying to illegally cross into Bulgaria at Lesovo checkpoint, the TV channel said citing prosec?ting authorities in the nearby town of Elhovo.
Bulgaria Swings to Mild Inflation in October
Bulgaria turned to modest inflation in Octover after reporting deflation or no change in prices for each of the previous five months, official data showed on Thursday.
Monthly consumer price inflation was 0.2% in October, the national statistical office NSI reported on Thursday.
In September, Bulgaria reported monthly deflation of 0.1% following zero inflation the prior month.
Bulgaria Had Negative Balance of Trade in 2014
The final figures on foreign trade for 2014, which were released by the National Statistical Institute (NSI) on Friday, reveal that Bulgaria had a negative balance of trade with imports exceeding exports.
In 2014, the value of exported goods amounted to BGN 43.2 B, which represented a decrease of 0.7 % compared to 2013.
FDI in Bulgaria's Non-Financial Sector Drops by 5.9% in 2014
Foreign direct investment into Bulgaria's non-financial sector decreased by 5.9% last year, reaching EUR 21.95B, the National Statistical Institute (NSI) announced on Monday.
The biggest share of foreign direct investment (FDI) went into industry - EUR 8.95B, according to preliminary data, the NSI said. Services followed with EUR 4.58B in FDI attracted in the course of 2014.