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Overall investment growth spurs housing demand
Residential property prices grew faster than average income, but close to the rate of investment expansion during the last 5 years; compared to the local stock market, they lagged far behind. Since 2001 average housing prices increased 2.64 times, or an annual appreciation of 21.4%. Except for Bourgas most big cities have price ...
Material Goods Imports in 2006.
Of those however, only 219 million must be attributed to durable consumer goods. Meanwhile imports of investment goods rose by close to 800 million euro.Imports of raw materials and energy resources was the fastest to rise – with a total change of 2.1 billion euro last year. Bulgaria’s international integration is happening main...
Industry Watch released its regular report on cost of labor (Biggest Cities Review, Fall 2006).
From the demand standpoint, state administration would “steal” not that many specialists but rather a lot of people suitable to medium skill-set positions – i.e. personnel that is not required to possess any specialized knowledge, but rather basic skills like good communication, certain knowledge of English, quick adaptability, ...
Foreign capital inflow grows faster in 2006
See more in the Bulgarian version....
Industry Watch released its 2007 forecast report (available for subscribers for download)
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Our latest report on cost of labor sees Plovdiv labor 25% cheaper than Sofia.
A new feature of the regular report on cost of labor “Biggest Cities Review” – a joint research with the survey agency “Vitosha Research” – is the regional comparison between the wages of the medium skill-set workers. Medium-skill set refers to the job positions which require certain skills and abilities (but no specialized know...
Industry Watch poll of forecasters envisages 6% economic growth in 2007.
This is the 6th time that we launch a macroeconomic forecasting poll among leading Bulgarian economists. That is the first independent source of economic forecast which can serve as benchmark for the outlook of the government and of the international institutions.This fall we update our spring forecast, based on poll among leadi...
CPI inflation in Bulgaria stays much higher than the one in the Eurozone. However we do no see any risk of that “overvaluation” of the local currency.
In Bulgaria, CPI inflation was 5.6% in the year to September, while in the Eurozone it was 2.3% (to August). CPI is a measure of nominal cost of living of the average citizen of Bulgaria rather than of the monetary inflation of the local currency.Meanwhile monetary inflation (measure through prices of industrial commodities and ...