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Rise of minimum wage in the current political agenda.
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Commnet on Latest GDP Data.
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GDP growth in 2005 was slightly quicker than expected.
GDP growth in 2005 (forecasts and estimates):Industry Watch forecast (April 2004) 4.4%Industry Watch forecast (October 2004) 4.6%Industry Watch forecast (April 2005) 5.1%Industry Watch forecast (October 2005) 5.8%NSI estimate (March 2006) 5.5%... -
Conservative Fiscal Spending in the Beginning of 2006.
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Political Aspects of the Latest Inflation Data.
According to the state National Statistical Institute (NSI) prices for the “average” consumer in Bulgaria grew by 3% in February only. This is a dramatic figure on the background of an average monthly rise in nominal incomes of less than 1% in the past eight years. Macro-data should be considered a potential source of political... -
New balance of payments data change considerably the macroeconomic outlook in Bulgaria.
BNB announced several important revisions of the balance of payments data because of new data and changes in methodology. These include mostly the following:-new data about the foreign investments for 2004 and 2005,-new method of transport revenue and expenditure registration in the export-import process – differentiating the ty... -
Natural gas consumption is likely to continue to expand gradually.
After 2003 the consumption of natural gas shows signs of gradual increase both in terms of volume and as part of the overall energy consumption in the country. Such trend can be attributed to some market and regulatory factors. In accordance with the agreements during the EU accession process Bulgaria obtained the right to tax t... -
Bulgarian lev is not overvalued.
The attempts to estimate the “real price” of the lev is apparently becoming a live question. The debate which some analysts are starting now may result overdue when the actual the euro currency substitution happens in Bulgaria.This kind of debates caused the start of the discussion on that whether or not the Bulgarian lev was o...