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Economic policy after elections.
Most parties in the new parliament seem to have no interest in new elections. For BSP, NMS2 and UDF this seems the logical choice, and the MRF is rather indifferent, but by all means satisfied with the high support. This means that at least in the short term this parliament will have to form a government. However, due to the var...
Economic growth reaches 5.9% y-o-y in Q1, consumer prices go down in May.
GDP growth accelerates for a sixth quarter in a row reaching 5.9% in the year till March. Growth was as much as 3.9% two years ago. Major factor behind the acceleration of economic growth is the favorable market conditions for Bulgaria’s heavy industries. For a few year now the soft monetary policies in America and in Europe ha...
Trakiya Motorway concession would have a significant fiscal and macroeconomic effect in Bulgaria.
Privatization and deregulation in Bulgaria are often subject to obstacles imposed by the Judiciary. From the recent history we know that, although the formal justification of the judicial intervention is always check of procedures and their consistency with the law, in most of the situation expediency is the leading argument.The...
Fiscal surplus grew in April, fiscal policy maintains restrictive.
The trend of restrictive fiscal policy through accumulating the current budget surpluses in the fiscal reserve account in BNB continued. In Q1 of 2005 we saw the usual contraction of consolidated public expenditures after the massive spending in the end of the previous year. They were lower compared to both Q3 and Q4 of 2004 lev...
Credit stood unchanged in May, despite increase in monetary base.
Credit to private sector remains at BGN 16,421 by end May, revealing stabilization of banking lending.The M3 aggregate grew by 2.1% to BGN 22,490 million; most of the expansion was due to increase in monetary base. The latter grew by BGN 238 m in May, or 3.5% up from April. The fiscal policy continued to be restrictive, by pilin...
In the election campaign, all major right-wing parties suggested a decrease of the total fiscal burden.
All major right-wing parties suggested a decrease of the total fiscal burden (measured thought the total public spending) from nearly 42% of GDP in 2004 down to 35% in the next mandate. The socialist party, leading in the election polls so far, has suggested to keep the fiscal affairs status quo. Thus a significant difference of...
A monetary contraction in April followed the credit hike in March.
After the deliberate expansion of credit portfolios in March, commercial banks drove back their balances by end-April.The M3 aggregate shrank by 0.8% down to BGN 22,023 million. At the same time, total credit to private sector went down to BGN 16,420 million by the first week of May, or down by 3.4%. Such development revealed th...
Housing Market in Bulgaria/April 2005 is available to subscribers.
The April update of our regular report was released today. For more information and subscription, please click the product button on the right....

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