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Are housing prices really rising fast?
After the growth of average housing prices in Bulgaria exceeded 20% in Q1 compared to the beginning of 2006 many analysts and market participants forecasted new records in 2007. Meanwhile, the asked housing prices in the premium segment in major cities reached EUR 1000-1200 as of May-June. The overview of the current situation i...
Economic policy needs new stimulus
Research has shown that the human mind easily recognizes odd or unnecessary things rather than missing (but necessary) things in a given environment or situation. For instance, when there is a letter on a sheet of paper with digits, the human mind notices quicker this, rather than the missing digit from 0 to 9 on the same sheet....
Development of the insurance market after the EU accession
European insurance companies continue to express considerable interest towards Bulgarian insurance market – for almost half a year 113 insurance companies and 103 insurance brokers have declared before the Financial Supervision Commission their intention to operate in Bulgaria. Around 1/3 of the insurance companies are from Grea...
Political crisis and chances for Bulgarian economy
Political crisis in the middle of 2007 was expected and to some extent necessary. Leading parties in the governing coalition experience problems, which result not only from personal conflicts. It comes down to clarification of ideologies – respectively to the choice of development path for the Bulgarian economy. Some important a...
Industry Watch released its periodic report - Wealth and the Finance Industry in Bulgaria- 1st Quarter 2007.
Financial intermediation in Bulgaria kept deepening at a fast pace in the end of 2006 and the beginning of 2007. The pace of wealth accumulation accelerated strongly to 24.6% annually as we keep the outlook for strong wealth expansion in 2007. While the households’ investments in government securities sharply contracted in Q4 2...
Housing market in Bulgaria and the EU influence
The EU accession has already influenced the Bulgarian housing market. Total household credit and housing credit in particular continued to increase in March with the housing credit interest rates remaining almost unchanged. In line with our forecast the average prices per sq. m. in regional cities rose by 9,3% as price changes i...
Industry Watch released its regular report on cost of labor (Biggest Cities Review, Winter 2007).
From the demand standpoint, state administration would “steal” not that many specialists but rather a lot of people suitable to medium skill-set positions – i.e. personnel that is not required to possess any specialized knowledge, but rather basic skills like good communication, certain knowledge of English, quick adaptability, ...
Wages in state-owned enterprises and macroeconomic stability
The average monthly wages in state-owned enterprises in 2006 grew considerably faster than average wages in the country and are up to 30 % higher. However, the pressure for increasing wages of public sector employees has been recently accelerated. The lack of a common procedure for wage regulation would lead to unrelated to mark...

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