Marxian economics

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.

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).

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