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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... -
Latchezar Bogdanov of Industry Watch speaks on macroeconomic risks in Bulgaria at Experian-Scorex Strategy Management seminar on 22 November 2005.
Main topics in the presentation include the impact of monetary expansion on Bulgarian financial system, threats to sustainable investment trend and accumulation of savings as well as analysis of asset prices as a bubble risk. Questions can be directed to: Bogdanov@iwatchbulgaria.com.... -
A year ago Industry Watch forecasted 4.3% inflation for 2005.
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Current account deficit reached 8.7 per cent of GDP in September.
Current account deficit reached 8.7 per cent of GDP in September. According to the latest data released by BNB the current account deficit for Q3 reached 1, 837 million euro or 8.7% of GDP. For the same period of 2004 the deficit amounted to 697.6 million euro or 3.6% of GDP. By year-end it will probably extend to 10-11 % of GDP... -
Monetary multiplier continues to shrink in September.
Credit to private sector grew modestly in September by 2.2% to previous month (compared to August, 1.9%) and reached BGN 17,208 million. Both business and household credit expanded by similar volumes. At the same time the M3 aggregate only slightly grew by 0.4% to reflect a contraction in overnight deposits, to reach BGN 23,746 ... -
Budget surplus reaches new record highs of BGN 1,535 million in September.
Recent data show that budget revenues continue to grow at rates far exceeding the expected pace. For the nine months till September consolidated budget revenues reach BGN 13,241 million, or 13.9% higher than the same period of 2004. Expenditures until September stood at BGN 11,706 million (13.4% growth over 2004). The resulting ... -
Current Account deficit will widen further in 2006.
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GDP Growth in 2006 is expected to be 5.1% according to Industry Watch poll of forecasts.
As an independent source of economic research and policy analysis Industry Watch presents its regular forecasts on Bulgaria’s economy. The forecasts are based on a poll among a selection of leading Bulgarian economists. They take place twice a year – in spring and in fall.The latest release present forecasts for 2005 and 2006, w...