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Why the housing price “bubble” in Bulgaria won’t burst
The housing crisis in the USA focused many analysts’ attention onto Eastern Europe and Bulgaria in particular, as some opinions stated that the housing price “bubble” might burst. On the other hand, most local experts communicated the thesis, that the mortgage crisis in the USA will probably have limited impact on real estate pr...
Public sector strikes in the context of labor market
The political nature of public sector strikes shifted the focus from the more important issue – about the place of the employed in the public domains of labor market in Bulgaria. Many are asking themselves the question what some teachers would for example do, if they do not have their salary, or after all “how they survive at th...
Industry Watch presents Biggest Cities Review: Regular report on cost of labor
According to latest data on labor cost Sofia provides the most expensive labor for medium positions, whereas in Plovdiv and Burgas wages are about 20% lower.Together with differences in wages we also monitor differences in life expenses between cities in Bulgaria. The cost of living index confirms results from the previous repor...
Despite some catastrophic forecasts the Bulgarian economy is still growing
The moment of GDP data release for the half-year coincided with ? big conference, dedicated to the currency board and the future entry of Bulgaria in the Euro area. From historic perspective the introduction of the currency board in Bulgaria set the foundation for the longest period of continuous economic prosperity. Some result...
Main Macroeconomic Indicators for the 12 months to June 2007.
Source: Industry Watch based on NSI data....
Rational analysis of inflation in Bulgaria
Explanations of some goods’ rising prices in Bulgaria are to a large extent wrong, leading therefore to some wrong policy recommendations. Here are some wrong perceptions:• The rising food prices are a result of a local agriculture problem; hence we must support local farm business,• The cost of living, as measured by the Nation...
Interest rates already rose
In the beginning of September some of the largest Bulgarian banks undertook a shift in their interest rate policy, as for the first time in a long while banks raised interest on credit. For now the increase is not that significant (in the range 0.25-0.50 percentage points) and is valid mainly for consumer and housing credit. Th...
Industry Watch released its report Housing Market in Bulgaria/Q3 2007
Industry Watch released its report Housing Market in Bulgaria/Q3 2007. Main topics include:• One of the fundamental preconditions for the mortgage crisis is the loose monetary policy, which the Federal Reserve followed, as in 2006 the base interest rate plunged to 1%. This allowed for people with relatively low income to accumul...

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