Economy of Portugal

EU: Industrial production falls in 2019

The EU's industrial output in 2019 slipped 1.1 percent compared to previous year, the bloc's statistical office reported on Feb. 12.

Eurostat said the figure was also down 1.7 percent in Eurozone during the same period.

The eurozone/euro area or EA19 represents member states that use the single currency -- euro -- while the EU27 includes all member countries of the bloc.

Eurostat: 1 in 10 Employed Persons at Risk of Poverty in 2018

One in ten employed persons aged 18 years or over in the EU were found to be at risk of poverty in 2018. Over recent years, this share has risen from 8.6% in 2008 to 9.5% in 2018.

The in-work poverty risk in the EU differs slightly between women and men. In 2018, 9.9% of employed men were at risk of poverty compared to 9.1% of women.

Bulgaria Ranks 5th Among the 28 Member States of the EU on Economic Growth

Bulgaria ranks fifth among the 28 member states of the European Union on economic growth.

In the first quarter of this year, GDP growth was 1.2%. Before our country is Croatia, whose economy grew by 1.8% in the same period, followed by Hungary and Poland by 1.5% and Romania by 1.3%.

The Bulgarian Economy Growth Lags Behind most Countries in the Region

Bulgaria remains behind most of Central and Eastern European (CEE) countries on GDP growth at the end of last year. Eurostat data show that our country is behind Romania, Slovakia and Slovenia on this indicator and outpaces only the Czech Republic and Croatia in the last quarter of 2018 compared to the same period of the previous one.

Inflation in the EU Up to 1.5%, Unemployment Remains Stable at 7.8%

Inflation in the eurozone rose to 1.5% in February, down from 1.4% in January, while unemployment in the common currency remained stable at 7.8%, Eurostat said.

Temporary inflation is in line with analysts' expectations, but the figure for unemployment is better than the consensus forecast of 7.9%.

Romania and Bulgaria have Lowest Prices for Consumer Goods and Services in EU

Bulgaria and Romania had the lowest prices for consumer goods and services in the European Union in 2017.

The prices were 52% below the EU average in Romania and 56% lower than the EU average in Bulgaria. However, the prices of goods and services in Romania increased compared to 2000, when they stood at only 35% of the EU average, Eurostat data shows.

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