All News on Economics in Bulgaria

Bulgaria Ranks 54th in 2014-2015 Global Competitiveness Report of World Economic Forum

Bulgaria ranks 54th out of a total of 144 countries in The Global Competitiveness Report 2014-2015 of the World Economic Forum.

For a third year in a row, Bulgaria has improved its score.

In the 2014-2015 edition of the report, Bulgaria outperforms a number of EU countries, including Romania, Hungary, Slovenia, Slovakia, Croatia and Greece.

Bulgaria's Public Debt Sees Significant Increase in July

Bulgaria's public debt at the end of July 2014 amounted to EUR 9.4242B, according to data revealed by the Ministry of Finance.

In just a month, Bulgarian government debt has increased by almost EUR 1.31B. The main reason for the growth is the issuance of eurobonds at the international capital markets, the Financial Ministry report showed.

Minimum Wage Hike from BGN 340 to BGN 400 Will Not Hit Business Sector - Minister

Yordan Hristoskov, Bulgaria's caretaker Minister of Labor and Social Policy, has suggested that a minimum wage hike from BGN 340 to BGN 400 will not harm the business sector.

In a Thursday interview for private TV station bTV, Hristoskov said that it was high time to do something about Bulgaria still being at the bottom of the EU ranking by guaranteed minimum income.

Forbes: 'The Bulgarian Banking Disaster'

An analysis of the latest developments in the case of Bulgaria’s Corporate Commercial Bank by Frances Coppola has been published on the website of Forbes magazine.

Bulgaria’s June C/A surplus grows

Bulgaria’s current and capital account showed a surplus of EUR 582.4 M in June, compared with a surplus of EUR 244.8 M in June 2013, the Bulgarian National Bank said on Thursday.

Bulgaria's GDP Sees Increase of 1.6% in Q2 2014 Y/Y

Bulgaria's Gross Domestic Product (GDP) expanded by 1.6% in Q2 2014 over the same quarter of the previous year and by 0.5% compared to Q1 2014.

According to Bulgaria's national Statistical Institute flash GDP estimates for Q2 2014, the GDP at current prices amounted to BGN 19 215M. The Gross Value Added (GVA) at current prices amounted to BGN 16 423M.

Unemployment Rates in Bulgaria See Modest Decline in July

In July, the unemployment rates in Bulgaria registered a decline for the sixth consecutive month reaching 10.6%, according to data collected by the National Employment Agency.

The decrease compared to June is of 0.1 percent, Bulgarian National Radio reports. The number of unemployed Bulgarians has dropped by nearly 54,000 people since the beginning of the year.

Consumer Confidence Falls in July - NSI

Bulgaria’s consumer confidence index dropped last month compared to its level three months earlier, the statistics office said on Wednesday.

Unemployment Rates in Bulgaria Reach 11.3% in 2013

Average unemployment rates in Bulgaria in 2013 were 11.3%, and the average rate of unemployed in the country was 371 380 per month, the National Statistics Institute (NSI) reports.

A substantial share of the unemployed in Bulgaria's employment offices were periodically released employed people without a mass lay offs procedure, mainly from small and medium companies.

Moody’s Cuts Bulgarian Corpbank’s Deposit Ratings

Moody's Investors Service said it has downgraded the long-term local- and foreign-currency deposit ratings of Bulgaria’s troubled Corporate Commercial Bank (Corpbank).

Bulgaria Ranks 58th by Human Development Index

Bulgaria ranks 58th in the list of countries in the 2014 Human Development Report (HDR) released on 24 July in Tokyo.

The HDR covers 187 countries across the world and is published annually by the United Nations Development Programme (UNDP).

Bulgaria belongs to the group of countries characterized by high human development.