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New Industry Watch report "The European economy in recession: the reaction of credit rating agencies"
In the regular annual macroeconomic report from the summer of 2012 we warned that most European economies are just beginning to show results induced by austerity measures and restructuring of the banking sector. Our analysis from June 2013 focused on the entry of Europe into a new recession and the related decline of key macroec... -
Budget amendment by the new government
Surprisingly, the new government has announced plans to update the state budget for 2013. So far there is no draft amendment to the budget, but the prime minister and finance minister suggested the following arguments: - Expected revenue shortfalls of at least BGN 500 million; - Revealed contracted but not included in the budg... -
Industry Watch: 30 facts about the Bulgarian economy
Four weeks ago we started our initiative to help individuals and businesses navigate the economic ideas of the parties by compiling of a fact of economic life every day. The challenge for economic policy is to achieve faster growth and this can only happen if it continues to be open by taking maximum advantage of the kno... -
Household finanicial wealth exceeded BGN 50 billion
Household financial wealth exceeded BGN 50 billion, increasing by 12% year over year in 2012. Households generally refrain from taking on new responsibilities, but instead pay back the accumulated debts to banks, leasing companies and fast-lending entities. Thus the general obligations of the population to financial institutions... -
The Bulgarian economy between growth and political risks*
In the days after the announcement of the government’s decision to return the mandate, the insurance premium against default by the Bulgarian government (also known as credit default swap) increased, but still remained significantly below the values recorded at the same time last year. In March the quotations of this indic... -
Industry Watch: Eight recommendations for the interim government
1. Maintaining the stability of the currency, as well as the budget and financial systems is not an alternative to economic growth but rather the necessary conditions for this. Political consensus on succession and stable economic policy may include only political parties that clearly and strongly support maintaining the currenc... -
Open Budget 2012
Bulgaria has improved is budget transparency according to the "open budget" index for 2012. By nine points - from 56 in 2010 to 65 in 2012 increased the assessment of Bulgaria and the country moves from third to second group (the 100 countries surveyed in the world are divided into 5 groups as the best examples... -
Private wealth up by 13% yoy despite slowing growth
Industry Watch distributed among its subscribers the regular report “Personal Assets in Bulgaria: Financial wealth and housing market, Q4 2012”. We present You with the main highlights of the report. Although the eurozone is already in recession, and economic growth in Bulgaria slowed down to less th...