All News on Economics in Bulgaria

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.

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, 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.

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.

Average Insurable Earnings Come up to BGN 671.51 in August

The average monthly insurable earnings in Bulgaria for the period October 2013 - August 2014 amounted to BGN 670.58, according to data provided by the National Social Security Institute.

The average monthly insurable earnings in the country for the month of August were BGN 671.51.

Construction Production Index Down 1.6% in August

Bulgaria's construction sector index of production in August was 1.6% below its level in the previous month, according to the national statistics preliminary data.

In August 2014, the working day adjusted data showed a decrease by 0.3% in the construction production, compared to the same month of 2013.

IMF Lowers Bulgaria's Economic Growth Forecast

The International Monetary Fund (IMF) has lowered its forecast for Bulgaria's economic growth in 2014-2015, while expecting zero inflation this year.