Expats

Bulgaria Updates 2010 GDP Budget Deficit to 3.9% [May 26, 2010] Bulgaria's cabinet is forecasting a 3,9% deficit from the Gross Domestic Product (GDP) in 2010, according to the updated budget approved by the Council of Ministers Wednesday. [via YahooNews] More >>

(AFX UK Focus) 2010-05-25 10:20 UPDATE 1-Bulgaria to target 4.8 pct/GDP fiscal gap in 2010 [May 25, 2010] BUCHAREST, May 25 (Reuters) - Bulgaria will target a budget deficit of 4.8 percent of gross domestic product under local accounting standards in 2010, far wider than initial estimates, central bank deputy Governor Kalin Hristov said on Tuesday. Bulgaria's admission last month that it had hidden the truth about the size of its 2009 deficit sent ripples across emerging Europe, raising concerns ... [via YahooNews] More >>

EBRD Downgrades Bulgaria GDP Forecast to Minus 1.2% [May 15, 2010] EBRD expect Bulgarias Gross Domestic Product (GDP) to fall 1.2% fall over the effects of the global and Greek crisis. File Photo [via YahooNews] More >>

Bulgaria Economic Decline Eases to 4% in Q1 Y/Y [May 12, 2010] The fall of Bulgaria's gross domestic product (GDP) slowed to 4% on an annual basis in the first quarter of 2010 from 5.9% in the previous quarter, data showed on Wednesday. [via YahooNews] More >>

Bulgaria Economy to Contract by 3% in Q1 - Think-Tank [May 03, 2010] Bulgarias gross domestic product (GDP) will shrink by 3% on an annual basis during the first three months of the year, analysts from a local think-tank have forecast. [via YahooNews] More >>

Bulgaria Foreign Debt Down to EUR 37 B End-Febr [Apr 26, 2010] Bulgaria's gross foreign debt shrank 0.8% on a monthly basis to EUR 37 B at the end of February and accounted for 107.3% of the gross domestic product (GDP), the central bank said on Monday. [via YahooNews] More >>

(AFX UK Focus) 2010-04-26 13:08 Bulgaria's foreign debt falls 0.8% Jan to Feb [Apr 26, 2010] SOFIA, April 26 (Reuters) - Bulgaria's gross foreign debt fell 0.8 percent on a monthly basis to 37 billion euros ($49.74 billion) at the end of February as bank lending languished in the economic slowdown, the central bank said on Monday. The debt, amounting to 107.3 percent of gross domestic product, edged down 0.3 percent year-on-year, the central bank data showed. Gross private debt dropped ... [via YahooNews] More >>

Bulgaria Revises 2009 Deficit, to Delay Application for ERM [Apr 09, 2010] April 9 (Bloomberg) -- Bulgaria will scrap its intention to apply to the pre-euro exchange-rate mechanism after revising upward its 2009 budget deficit to 3.7 percent of gross domestic product, Prime Minister Boiko Borissov told reporters in Sofia today. [via YahooNews] More >>

Bulgaria 2009 Gross Domestic Product down 6% Y/Y [Apr 06, 2010] Bulgaria 's Gross Domestic Product (GDP) in the last quarter of 2009 is BGN 17.9 B or BGN 2 400 per person, data published by the National Statistics Institute (NSI) reveals. [via YahooNews] More >>

Bulgaria's GDP Down Only 5% in 2009 (Novinite.com) [Mar 11, 2010] Bulgaria's gross domestic product fell by 5% in 2009, ending a three-year growth pattern, the National Statistics Office in Sofia said on Thursday. [via YahooNews] More >>

(AFX UK Focus) 2010-03-02 14:30 Delayed payments swell Bulgaria Jan budget deficit (Interactive Investor) [Mar 02, 2010] SOFIA, March 2 (Reuters) - Bulgaria's January budget deficit almost matched the entire 2009 shortfall as the government started to pay dues to transport and construction firms delayed from last year, finance ministry data showed on Tuesday. The EU's poorest member had a deficit of 499 million levs ($345.1 million) in January versus 529.5 million levs, or 0.8 percent of gross domestic product, in ... [via YahooNews] More >>

IMF Projects Bulgaria's Budget Deficit at 1,8% in 2010 (Novinite.com) [Mar 01, 2010] The International Monetary Fund expects Bulgaria?s budget deficit to stand at 1,8% of gross domestic product this year, which totals nearly BGN 1,2 B.... [via YahooNews] More >>

Bulgaria's GDP down 5.1 percent in 2009 (UPI) [Feb 12, 2010] SOFIA, Bulgaria, Feb. 12 (UPI) -- Bulgaria's gross domestic product fell by 5.1 percent in 2009, ending a three-year growth pattern, the National Statistics Office in Sofia said Friday. [via YahooNews] More >>

Bulgaria's Economy Contracts 5,1% in 2009 (Novinite.com) [Feb 12, 2010] Bulgaria's gross domestic product (GDP) shrank by 5.1% in real terms in 2009, compared to a 6% growth recorded in the previous year, according to a flash estimate of the National Statistics Office (NSI) released on Friday. [via YahooNews] More >>

Bulgaria keeps budget deficit low with eye on eurozone (EARTHtimes.org) [Feb 01, 2010] Sofia- Bulgaria has kept the 2009 budget deficit to 0.8 per cent of gross domestic product despite the economic crisis and plans to limit it to 0.7 per cent in the current year, the Finance Ministry said Monday in Sofia. In real terms, the shortfall ... [via YahooNews] More >>

(AFX UK Focus) 2010-02-01 10:55 Bulgaria ends 2009 with 0.8 pct/GDP budget deficit (Interactive Investor) [Feb 01, 2010] SOFIA, Feb 1 (Reuters) - Bulgaria ended 2009 with one of Europe's smallest budget deficits, meeting a government target of 0.8 percent of gross domestic product that aims to avoid pressure on its currency peg. The finance ministry said on Monday spending cuts had brought the deficit in at 529.5 million levs ($380.4 million), worse than a surplus of 2 billion levs a year earlier but putting it on ... [via YahooNews] More >>

Bulgaria Revises 2010 GDP Forecast to Predict Growth (Update1) (Bloomberg) [Jan 27, 2010] Jan. 27 (Bloomberg) -- Bulgaria revised its forecast for gross domestic product this year, predicting growth instead of contraction, citing improving economic conditions in the country?s European Union trading partners. [via YahooNews] More >>

Gray Economy Forms 37% of Bulgaria GDP - Report (Novinite.com) [Jan 26, 2010] Up to 37% of Bulgaria?s Gross Domestic Product (GDP) comes from the gray economy, according to a Visa Europe survey. The data was announced by Nikos Kabanopoulos, Vice President, and General Manager of the company for Greece, Cyprus and Bulgaria. [via YahooNews] More >>