All News on Economics in Bulgaria

Bulgaria's GDP Growth Surpassed EU Average in First Quarter of 2015

According to the second estimate of Eurostat, which was released on Tuesday, Bulgaria's GDP growth surpassed the EU average in the first quarter of 2015.

The country's GDP in the first quarter of 2015 increased by 0.9 % compared to the previous quarter, while there was a 2 % growth compared to the same quarter in 2014.

Bulgarian Scientists Foresee Economic Growth of 1.4 % in 2015

According to the forecast of the economists from the Bulgarian Academy of Sciences (BAN), the economy of the country will record a growth of 1.4 % in 2015.

This became clear after the annual report of the Economic Research Institute to BAN was presented on Monday, daily Sega reports.

Bulgarian Resorts Named Europe's Cheapest

Bulgaria's resorts are now named cheapest in Europe "for a meal out, cup of coffee and sun cream", a report run by the Daily Mail reads.

It also says the Bulgarian hotspots are "cheaper" than those in Italy, Spain, and Turkey in a research where an "imaginary shopping basket" was used in a survey by Post Office Travel Money.

Bulgaria Ranks as World's Third Most Attractive Outsourcing Location

Bulgaria was identified as the third most attractive outsourcing location in the world, according to research conducted by global real estate adviser Cushman & Wakefield.

Bulgaria moved eleven positions from its ranking in 2014, when it occupied 14th place, and is currently preceded only by Vietnam and the Philippines.

Unemployment in Bulgaria Stood at 11 % in February

The level of unemployment in Bulgaria was 11 % in February, which represents a decrease of 0.1 % compared to January.

Compared to February 2014, the level of unemployment dropped with 1.2 %, daily Dnevnik reports.

The number of people registered as unemployed at the employment agency amounted to 361 176, which is 2788 less people compared to January.

One in Ten Bulgarians Living Under the Extreme Poverty Line

Close to 10% of Bulgarians fall into the category of ''extremely poor'', living with under 40% of the income earned by the middle class.

This has been shown by a research conducted by the Institute for Market Economy on the issue of poverty in Bulgaria and was presented by Petar Ganev Tuesday, as reported by OFF News.

Bulgaria's Workforce Increased Slightly in 2014 - NSI

The latest data of the National Statistical Institute (NSI), which was released on Monday, shows that Bulgaria's workforce registered a slight increase in 2014.

According to the data, the number of economically active persons, aged between 15 and 64, amounted to 3 308 700, which represents 69 % of the population in the same age category.

Bulgaria Registers Monthly Inflation of 0.2% in February 2015

The consumer price index in February 2015, as compared to January 2015, stood at 100.2% and the monthly inflation amounted to 0.2%, according to data of Bulgaria's National Statistical Institute (NSI).

The inflation rate in February 2015, as compared to December 2014, stood at -0.2%.

The annual inflation rate in February 2015, as compared to February 2014, stood at -0.5%.

Bulgarian Business Sentiment Improves in January

Bulgaria's overall buisness climate indicator has risen by 3.8 percentage points in January compared with the previous month, a new survey showed on Wednesday.

Bulgaria Records Progress in Economic Freedom - NGO

According to the 2015 Index of Economic Freedom, published by the Heritage Foundation, Bulgarian economy is moderately free.

Bulgaria has an economic freedom score of 66.8, which represents an improvement of 1.1 points compared to the previous year.

Bulgaria Records 20 % Drop in Foreign Direct Investment

The foreign direct investment (FDI) in Bulgaria in the period January - November 2014 are lagging behind with 20 % compared with the same period for 2013.

According to the preliminary data of the Bulgarian National Bank (BNB), FDI amounts to EUR 1.224 B for the period.

The investments increased during the first quarter of 2014, but dipped sharply in the second quarter.

Bulgaria's Consumer Prices Fall 0.9% Y/Y, Stay Flat M/M

Bulgaria's consumer prices fell 0.9% year-on-year in December, the statistical office said on Wednesday.

Compared to November 2014, Bulgaria's December consumer price index (CPI) was unchanged, the National Statistical Institute (NSI) said in a statement.