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Cutting government spending on mobile communications - a possible measure for fiscal discipline
More transparency in government spending on mobile communications could contribute to decreasing waste of public resources according to recent research by Industry Watch. As of the moment considerable portion of government institutions do not disclose information on the government procurement in the Public Procurement Registe...
Fiscal data for February shows alarming disbalance
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Personal assets in Bulgaria, Q1 2010
Under rising uncertainty about employment and income in the context of the still high real interest rate on deposits the saving rate in Bulgaria reached 20% of GDP by the end of 2009, compared with 16% in 2008. Bulgarians have 59 thousand deposits in banks, in excess of 50 000 leva, as their total sum amounted to 6.9 billion (or...
Political Talks Aim at Higher Tax-Insurance Burden in Bulgaria
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Investments in high-risk assets stabilize
Positive impact on individual investments in shares of Bulgarian public companies is coming from the upward price dynamics in the beginning of 2010 despite the lack of incentives from monetary or fiscal authorities. In this line of thoughts the stock exchange dynamics will be determined mainly by the attitude of external specula...
The outlook for the sovereign rating of Bulgaria
Hence, many of the initially skeptical foreign analysts have implicitly admitted their mistakes in determining the real economic and political challenges before the Bulgarian economy amidst a global financial meltdown. Exactly a year ago credit rating agencies were worried by the supposed inability of the Bulgarian economy to re...
One more reason why consumption decreased in 2009
Contribution to the decreasing consumption is made, however, by another, often overlooked reason – the so called wealth effect – the effect that the change in wealth has on consumption. Whereas financial wealth increased in 2009, although slowly, the value of housing, owned by households, declined substantially, this put pressur...
Tax-Insurance Burden in 2010
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