Marxian economics
PM Citu: If we correct deficit target, it will be downwards
Prime Minister Florin Citu states that, if it is changed, the deficit target assumed for this year will be corrected "downwards".
Food Prices in Bulgaria Rocket to Record Highs during Pandemic
Food prices in Bulgaria are the highest for the last 5 years. Prices of most products have risen to a record high during the pandemic, data from the State Commission on Commodity Exchanges and Markets show.
Current economic trends
Data on electricity consumption, traffic of electronically tolled vehicles, registered unemployment, business tendency and other charts
- Read more about Current economic trends
- Log in to post comments
Total Hourly Labour Cost Rose by 11.9% in Q4 2019 YoY
Preliminary data of the National Statistical Institute (NSI) for the fourth quarter of 2019 indicate that the total hourly labour cost rose by 11.9% compared to the fourth quarter of 2018. The total hourly labour cost grew by 10.5% in industry, by 11.5% in services, and by 14.5% in construction, the National Statistical Institute said in a press release.
Update on the quarterly national accounts: The components of aggregate demand
The national accounts can be analyzed in three different dimensions. Each is of interest, because each tells a story about the structure of the economy. These three dimensions are: (1) value added from the production side, (2) value added from the aggregate demand side and (3) value added from the income side. Let's have a look.
Since the Beginning of the Year Prices in Bulgaria have Increased by 3.5%
Sofia. Since the beginning of the year, prices in Bulgaria have increased by 3.5%compared to the previous year, economist Prof. Boyan Durankev told Focus Radio. In his words, the normal annual price increase in an EU member state is under 2%. "There has not been such a jump in prices in years.
New adjustment expected on properties' taxable rate in 2020
Property rates used for tax purposes, known as "objective values," will be adjusted next year and again in 2020, Deputy Finance Minister Katerina Papanatsiou confirmed on Wednesday.
Huge disparities in new property rates
Property market groups and professionals, including surveyors who participated in proposing the new property zone rates, appear to have been proved right in predicting the risk of overtaxing the country's properties - unless other factors come into play in determining the final amount of the Single Property Tax (ENFIA).
- Read more about Huge disparities in new property rates
- Log in to post comments
SEV raises serious issues with gov't strategy
The government's growth strategy has certain weak points, according to the Hellenic Federation of Enterprises (SEV), which, however, sees some progress from previous such blueprints.
- Read more about SEV raises serious issues with gov't strategy
- Log in to post comments
Bulgarian Prices of Goods and Services Begin to Match Prices in the World and Europe
All the prices move somewhere in different seasons - down or upwards. In the current season, there should be groups of products, such as fruit and vegetables, to rise, but this is not fatal. This is what Edward Stoychev, former chairman of the State Commission on Commodity Exchanges and Markets, said in the Business Start of Bloomberg TV Bulgaria to the host Ivan Nonchev.