Expats

Bulgaria's Economy Expands by 0.5% in Q1 2012 Y/Y [May 15, 2012] The Gross Domestic Product, GDP, in Bulgaria in the first quarter of 2011 increased by 0.5%, compared with the same quarter of the previous year. GDP remains at the same level compared to the fourth quarter of 2011. ... [via YahooNews] More >>

IMF Upbeat about Bulgaria due to Euro Area Recovery in H2 [May 13, 2012] Bulgaria's growth continues to slow, mostly reflecting external headwinds, but there is room for optimism due to the expected euro area recovery in the second half of the year, IMF mission chief for Bulgaria has said. "Real GDP growth is projected to reach 0.8% in 2012, which is lower than our previoud forecast.... [via YahooNews] More >>

Bulgaria Should Prioritize Investing in Job Creation - Commissioner Georgieva [May 09, 2012] Bulgaria is among the EU countries that can afford to spend a little bit more in the conditions of the crisis, according to EU Commissioner Kristalina Georgieva Georgieva arrived in Sofia to attend will festivities marking May 9, Europe Day. "Our country has a very low external debt amounting to 16% of the GDP, which is why I believe that if we have a reserve we should inject it in employment ... [via YahooNews] More >>

Citigroup: Bulgaria GDP Growth to Slow Down to 1.2% in 2012 [Apr 24, 2012] Bulgaria's economic growth is expected to slow-down to 1.2% in 2012 in the wake of the continued crisis in the eurozone and stagnant domestic demand, according to Citigroup analysts. GDP growth next year is forecast at 2.... [via YahooNews] More >>

Bulgaria Had EU's 2nd Lowest Debt-to-GDP in 2011 [Apr 23, 2012] Bulgaria had EU's second lowest debt-to-GDP ratio among the EU 27 in 2011 ? 16.3%, according to data released by Eurostat. The lowest ratio of government debt to GDP was recorded in Estonia (6.... [via YahooNews] More >>

Bulgaria GDP May Fall by 5% in Q1, Industrial Chamber Warns [Apr 18, 2012] Bulgaria's economy may shrink drastically by 5% in the first three months of the year, the country's Industrial Chamber has warned. "Given the looming decline in GDP for the first quarter of 2012, we expect the budget deficit to be significantly higher than envisaged in the budget, putting at risk public investments and the payment of pensions," according to the business chamber. Bulgaria's ... [via YahooNews] More >>

Bulgaria's Severozapaden Still EU's Poorest Region [Mar 13, 2012] Bulgaria's Severozapaden (Northwestern) is expectedly still EU's poorest region, according to newly released Eurostat data from 2009. Northwestern Bulgaria's GDP per capita in 2009 was just 27% of the EU average in 2009. Severen Tsentralen (North-central), also in Bulgaria, has been ranked the bloc's second poorest with 29% of the average, together with Romania's Nord-Est. ... [via YahooNews] More >>

Bulgaria?s Economy Grows by 1.7% in 2011 [Mar 06, 2012] Bulgaria's GDP in 2011 was EUR 38.5 B, which means a 1.7% growth as compared with 2010, the country's National Statistical Institute has informed. ... [via YahooNews] More >>

Bulgaria PM threatens to sack ministers over bonuses [Feb 29, 2012] The bonuses caused considerable anger in a country which has the lowest GDP per capita. -AFP [via YahooNews] More >>

Bulgaria PM threatens to sack ministers over bonuses [Feb 29, 2012] The bonuses caused considerable anger in a country which has the lowest GDP per capita. -AFP [via YahooNews] More >>

Bulgaria Q4 GDP Growth Quickens [Feb 15, 2012] Bulgaria Q4 GDP Growth Quickens [via YahooNews] More >>

Bulgaria Got EUR 740 M FDI in Jan-Nov 2011 [Jan 17, 2012] Bulgaria's total foreign direct investment in Bulgaria for January ? November 2011 amounted to EUR 740.3 million (1.9% of GDP), according to preliminary data of the Bulgarian National Bank published Monday. ... [via YahooNews] More >>

Bulgaria Adopts 1.35% Budget Deficit for 2012 [Dec 09, 2011] Bulgaria?s Parliament has adopted at second reading the framework for the 2012 state budget within the debates on the 2012 State Budget Act late Thursday night. Thus, the MPs sealed the key figures in Bulgaria's draft budget for 2012, as defended by Minister of Finance Simeon Djankov, including a budget deficit of 1.35% of GDP, or about BGN 1.... [via YahooNews] More >>

Bulgaria's Economy to Grow by 2% in 2011 - Raiffeisenbank [Dec 08, 2011] In spite of the relative slowdown in the third quarter, Bulgaria's economy will live true to the forecasts of a GDP growth of about 2% in 2011, according to the monthly macroeconomic report of Raiffeisenbank Bulgaria. Domestic consumption is replacing exports as the primary engine of growth but its dynamic remains uncertain with respect to the development of outside factors and their potential ... [via YahooNews] More >>

Bulgaria?s GDP Up by 1.6% Q3 2011 Y/Y [Dec 06, 2011] Bulgaria's Gross Domestic Product at current prices reached a little over BGN 21 M in the third quarter of 2011, according to the country's National Statistical Institute. According to the institute's seasonally adjusted data, the GDP growth rate in the third quarter of 2011 was 0.3% compared with the second quarter of 2011 and 1.... [via YahooNews] More >>

Bulgaria's Oct Monthly Budget Deficit Shrinks to BGN 15 M [Nov 29, 2011] For the first ten months of 2011, the budget balance in the consolidated fiscal program (CFP) is negative at around BGN 842 M or 1.0% of GDP, according to preliminary data. The information was released by the press office of the Bulgarian Finance Ministry. ... [via YahooNews] More >>

Bulgaria Patients: Health Care 2012 Budget Life-Threatening [Nov 20, 2011] Bulgaria's health system will be plagued by chronic underfunding next year, putting at risk the life of all Bulgarian citizens, who need medical aid, patients have alarmed. "Bulgaria's budget for 2012 allocates, yet again, just 4% of GDP for the health care sector, which falls a long way short of the money needed to guarantee security for the Bulgarian patients, high-quality services, prevention ... [via YahooNews] More >>

Bulgaria's Economic Growth Stagnating in Q3 2011 [Nov 15, 2011] Bulgaria registered an economic growth of 1.3% in the third quarter of 2011 year-on-year, according to preliminary data of the National Statistical Institute in Sofia. At the same time, however, the Bulgarian economy is stagnating on quarterly basis as seasonally- adjusted GDP was unchanged in the third quarter. ... [via YahooNews] More >>

Bulgaria's FinMin Happy with Lowered EC Economic Forecast [Nov 10, 2011] Bulgarian Finance Ministry Simeon Djankov has seen what he believes to be a major silver lining in the lower GDP growth forecast for Bulgaria announced by the EC. Bulgaria's economy is to grow by 2.3% in 2012, according to the EC Fall Economic Forecast for 2011-2013 unveiled by EU Commissioner for Economic and Monetary Affairs Olli Rehn Thursday; it is substantially lower than the 2.... [via YahooNews] More >>

Bulgaria's Aug Monthly Budget Deficit Shrinks to BGN 11 M [Sep 18, 2011] For the first eight months of 2011, the budget balance in the consolidated fiscal program (CFP) is negative at around EUR 732 M or 1.0% of GDP, according to preliminary data. The information was released by the press office of the Bulgarian Finance Ministry. ... [via YahooNews] More >>