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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 poll of forecasters envisages 5.7% economic growth in 2008.
2007 Growth RatesGDP 5.8Consumer prices 4.9Investments 16.4Exports 9.9Imports 13.2Budget surplus (% of GDP) 2.32008 Growth RatesGDP 5.7Consumer prices 3.9Investments 15.0Exports 10.2Imports 12.1Budget surplus (% of GDP) 1.6... -
Psychology of Inflation.
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