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IwatchBulgaria.com - News
New report by Industry Watch: Sustainable recovery or new recession: Macro risks and prospects for main industries in 2011-2012
The European Union is the main trade partner of Bulgaria so the Bulgarian economy follows in the footsteps of the EU market recovery. At the end of 2010 the GDP of Bulgaria started recovering gradually but it was only export-driven. At present it is of utmost importance whether Europe is steadily leaving the crisis behind or a r...
Open budget initiative 2010: International index of budget transparency
Bulgaria reported small decline in the budget transparency and is still far from the best examples for budget transparency in the world, according to the announced on Oct. 20th Open Budget Initiative 2010.
By one percentage point - from 57% to 56% declined the budget transparency in Bulgaria. Accordingly, Bulgaria is not among ...
Personal Assets in Bulgaria and the Housing Market in Q2 2010
Household financial wealth continued to increase, exceeding BGN 37 billion as of end-June 2010. The growth rate of the personal assets of Bulgarians accelerated again to over 10% annually.
Total household indebtedness to banks, leasing companies and specialized credit companies fell by 3% annually. Increased savings in combin...
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...
Personal Assets in Bulgaria in Q3 2009
The growth potential of personal wealth is constrained by the stagnation on the labor market, visible through declining incomes and increasing unemployment, which will probably continue to pick up in 2010 as well. Nevertheless, there are existing factors, which stimulate the growth of wealth. In times of crisis households save, ...
Two years of global crisis: the Bulgarian economy in 2009
• The onset of the financial crisis in 2007 coincided with a period of rapid economic growth in Bulgaria, driven primarily by investment activity. It is difficult to differentiate how much exactly the dynamics of the Bulgarian economy has been a a result of fundamental factors, related to increasing productivity and the improvem...
What Do Bulgarians Want
According to a sociological survey among 1200 Bulgarians carried out by Market Links the main priorities of the next Bulgarian government should be to pursue higher salaries and pensions. Data for December 2008 show that the average monthly salaries compared to December 2007 have risen by 22.8%, from 421 to 517 lv. Divided by ty...
The next crisis in Bulgaria
The definition of “crisis” in most cases would include at least a sudden event. If we expected the crisis, we would have been prepared, we would try to avoid it and thus turn into a usual part of business and life, but then we would not need to call it a crisis, wouldn’t we. One important and positive effects from crises is that...