All News on Economics in Bulgaria

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.

Gruevski expects further successful cooperation

BEOGRAD - The Third Meeting of China and CEECs is expected to create possibilities for further successful cooperation among all the countries from this region, Macedonian Prime Minister Nikola Gruevski said in an exclusive opinion piece for Tanjug ahead of the Third Meeting of Heads of Government of China and Central and Eastern European countries in Belgrade, which Tanjug publishes in full.

Standard & Poor's Downgrades Bulgaria to 'Junk' Status

Credit ratings agency Standard & Poor's cut Bulgaria's sovereign credit ratingto BB+ from BBB- with a stable outlook.

Bulgaria's Consumer Prices Rise 0.9% M/M in October

Bulgaria's consumer prices rose 0.9% month on month in October after falling by 0.2% in each of the previous two months, the statistics office said in Wednesday.

Merger of Revenue, Customs Agency Not on Agenda of Caretaker Govt

Bulgaria's Finance Ministry has assured that it is not developing a framework or project for the merger of the National Revenue Agency (NRA) and the Customs Agency.

A media statement of the Finance Ministry informs that the caretaker government lacks the competence to adopt such a decision.

Bulgaria’s End-August Gross Foreign Debt Rises 2.2% Y/Y

Bulgaria's gross foreign debt totalled EUR 38.2B as of end-August, increasing 2.2% from a year earlier and 2.3% higher compared with end-2013, the central bank has said.

Gross foreign debt was equivalent to 94.3% of projected 2014 Gross Domestic Product as of end-August, the Bulgarian National Bank said in a statement on Thursday.

Bulgaria Remits 84% of Afghanistan's Debt

Bulgaria has remitted almost 84% of Afghanistan's debt accumulated in the 70s and 80s of the 20th century and rescheduled the remaining debt for 10 years.

The Government today approved the intergovernmental agreement between the two countries signed on September 17 to settle the debt totaling USD 50.6 million, Dnevnik.bg informs.

Bulgaria Sets 2015 Poverty Line At BGN 286

Bulgaria's 2015 poverty line will be set at BGN 286 per month, said the government press office.

It is by 14% higher and is to be discussed at today's government meeting.

The poverty line is calculated on data of the National Statistics Institute on household budgets, prices and inflation and aims at covering a set of basic living needs.

Bulgaria's Energy Market 'Needs More Dealers'

There is a lack of competitors in energy trade on the liberalized energy market, the Bulgarian energy watchdog DKEVR warned Tuesday.

Trade to household consumers is where the biggest insufficiency has been registered, the website Dariknews quoted the regulator's chair Svetla Todorova as saying at a DKEVR meeting.

Security Services Employees Protest Over Pension Age

Police officers, fire fighters, rescuers, prison guards and military personnel protested in downtown Sofia against the planned pension age increase, reports the Nova TV national channel.

The several hundred protestors wore red clown noses and demanded the resignation of the caretaker Labour and Social Policies Minister Yordan Hristoskov.

Bulgaria Posts EU's Largest Annual Deflation Rate in September

Euro area annual inflation was 0.3% in September 2014, down from 0.4% in August which is the lowest rate recorded since October 2009, according to Eurostat statistics.

Payment Of Guaranteed Deposits In KTB TO Begin In November

The payment of the guaranteed deposits in Bulgaria's troubled Corporate Commercial Bank (KTB) and its daughter bank Victoria (formerly Credit Agricole Bulgaria) would start in November, said Bulgaria's caretaker Finance Minister Rumen Porozhanov, quoted by BTA.