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Rise of minimum wage in the current political agenda.
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Average Productivity up by 4.7% in 2005.
Employment in the non-farm private sector grew by 5% in 2005. Thought growth remained robust, it is well below its pace a year earlier (close to 7%). Alongside the deceleration of employment growth, real price of labor started to rise quicker. Last year, real productivity grew by 4.7%, measured in real terms for the non-farm bus... -
Commnet on Latest GDP Data.
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Conservative Fiscal Spending in the Beginning of 2006.
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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... -
Perspectives and risks for the economic growth.
The excessive focus on balance of payments and particularly on current account deficit may render difficult the process of analysis of the current economic conditions and the threats to the growth. On the one hand, we hold that the official statistics on balance of payments probably overestimates the current account deficit. T... -
According to the new EU budget deal Bulgaria may get around 11.1 billion euro for the 2007-2013 period.
The agreed EU budget deal for the 2007-2013 period finally stipulated that Bulgaria may receive about 11. 1 billion euro. However, the real amount that Bulgaria will receive depends on a variety of conditions like project formulation and some levels of co-financing by the Bulgarian government. There are at least two reasons whic... -
The Bulgarian economy in 2006
The current analysis covers our forecasts for the dynamics of the main economic indicators in 2006. ...