National Statistical Institute

Bulgaria's business climate deteriorated in October mainly due to increased pessimism among entrepreneurs in industry and retail trade, the National Statistical Institute (NSI) said on Tuesday.

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Tourism continues to be a major sector in Bulgaria's economy, registering a growth in revenue and in the number of tourists, according to an analysis of the Institute of Marketing at the request of the Ministry of Economy and Energy.

The survey is based on summary data from the National Statistical Institute and the Bulgarian National Bank, investor.bg notes.

According to preliminary data of Bulgaria's National Statistical Institute (NSI), the Industrial Production Index, seasonally adjusted, decreased by 0.9% on the month in August 2014.

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Bulgaria's economy grew by a preliminary 1.6% on the year in the second quarter of 2014 following a 1.2% increase in the first quarter, the statistics office said on Wednesday.

The second-quarter increase is an improvement on the result recorded in the equivalent period of 2013 when Bulgaria's Gross Domestic Product (GDP) grew by 0.4%.

Bulgaria's producer price index saw a decrease by 0.1% in August compared to the previous month, according to the country's National Statistical Institute, NSI.

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A total of 1.417 million Bulgarians subject to obligatory health insurance did not pay their installments in 2013, according to the National Statistical Institute (NSI).

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Bulgaria's consumer prices fell 0.6% year-on-year in August, marking the 13th straight month of deflation, official figures showed on Monday.

The drop in consumer prices, however, has slowed down for a third month running, compared to the hefty decline of over 2.5% in February 2014.

In 2013 Bulgaria's exports totaled BGN 43.6 B, up by 7.2% on the year, according to data of the National Statistical Institute (NSI).

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Bulgaria expects a 20% growth in the number of Bulgarian tourists in Greece by end-2014, according to the Institute for Analysis and Assessment of Tourism.

In 2013, a total of 970 000 Bulgarian tourists visited Greece, and the number is expected to reach 1.2 million by end-2014, according to Rumen Draganov, Director of the Institute, as cited by investor.bg.

According to preliminary data of Bulgaria's National Statistical Institute (NSI), foreign direct investments (FDI) in the non-financial sector amounted to EUR 22 948 M by 31.12.2013, up by 4.5% compared to 2012.