Expats

Bulgaria 2012 Growth Forecast Unanimously Capped at 1.5% [Apr 09, 2012] Bulgarian analysts and institutions have cut their growth forecast for 2012 to just below 1.5% instead of the previously forecast 2-3%, citing slumping exports and stagnant domestic demand. Exports to the European Union, the main driver of Bulgaria's economy, declined in the last quarter of 2011 because of the euro-area's debt crisis.... [via YahooNews] More >>

Bulgaria's Largest Coal Mining Company to Invest BGN 88 M in 2011 [Jan 14, 2011] Bulgaria's largest coal mining company - Maritsa Iztok Mines EAD ? has announced a massive investment plan for 2011, after in 2010, and especially in the last quarter, it registered record output and profits. [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 >>

When is the first IKEA store in Bulgaria scheduled to be opened? Has its opening been delayed by the crisis? [Apr 06, 2010] The first IKEA store in Bulgaria is planed to open in Sofia in the last quarter of 2011. IKEA stores are a long term investment and the construction period together with all the necessary permits is approximately 2 to 3 years. [via YahooNews] More >>

Bulgaria Newly Built Flats Down by 6% End-2009 (Novinite.com) [Mar 05, 2010] Newly-built residential buildings in Bulgaria have decreased by 1,7% in the last quarter of 2009, while the number of apartments in them shrank by 6%, data from the statistics office show. [via YahooNews] More >>

Bulgaria Residential Construction Down 45% in 3rd 2009 Quarter (Novinite.com) [Feb 22, 2010] Construction permits for residential buildings issued in Bulgaria in the last quarter of 2009 are down 45% while housing units inside them are down 70% year on year. [via YahooNews] More >>

Bulgaria Residential Property Prices Down by 26% in Q4 y/y (Novinite.com) [Jan 22, 2010] Prices of residential property in Bulgaria declined by an average of 1,9% in the last quarter of 2009 compared to the previous, data from the statistics office shows. The decrease on an annual basis is 26,3%. [via YahooNews] More >>