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Rise of minimum wage in the current political agenda.
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Average Productivity up by 4.7% in 2005.
Employment in the non-farm private sector grew by 5% in 2005. Thought growth remained robust, it is well below its pace a year earlier (close to 7%). Alongside the deceleration of employment growth, real price of labor started to rise quicker. Last year, real productivity grew by 4.7%, measured in real terms for the non-farm bus... -
New balance of payments data change considerably the macroeconomic outlook in Bulgaria.
BNB announced several important revisions of the balance of payments data because of new data and changes in methodology. These include mostly the following:-new data about the foreign investments for 2004 and 2005,-new method of transport revenue and expenditure registration in the export-import process – differentiating the ty... -
Natural gas consumption is likely to continue to expand gradually.
After 2003 the consumption of natural gas shows signs of gradual increase both in terms of volume and as part of the overall energy consumption in the country. Such trend can be attributed to some market and regulatory factors. In accordance with the agreements during the EU accession process Bulgaria obtained the right to tax t... -
The crisis with the Russian gas supplies underlines the current situation of the Bulgarian gas market.
The crisis with the supplies of Russian gas to Europe after the aggravation of the political conflict between Russia and Ukraine stresses the need of more detailed view of Bulgarian gas market.... -
The Bulgarian economy in 2006
The current analysis covers our forecasts for the dynamics of the main economic indicators in 2006. ... -
More specifics and detailed policies to be found in the Government Program 2005-2009, compared to previous cabinet’s agenda.
We can outline three areas of policy that deserve special attention: a promise of balanced budget and contained public expenditure, deregulation of network industries and concessions over infrastructure and (partial) reforms in financing of education and healthcare. The government sets a target of fiscal burden of 40% of GDP. Ta... -
A year ago Industry Watch forecasted 4.3% inflation for 2005.
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