- Published: August 2011
IntelliNews - Bulgaria Country Report - Issue 6 - 2012
- Published: July 2012
- Region: Bulgaria
- 15 Pages
- Emerging Markets Direct
The IntelliNews Bulgaria Country Report is a monthly report, covering the major macroeconomic indicators and trends in Bulgaria, as well as important political developments. Prepared by local analysts, it provides the most accurate data, updated regularly according to the data changes noted by the whole range of statistics sources. It will save the time you would need to track the figures and sources independently and will provide you with thorough analysis.
Bulgaria's economy expanded by a real 0.5% on the year in Q1, but remained flat from the previous three months, the statistics office said confirming flash figures released in May.
The World Bank projects that the Bulgarian economy will grow by 0.6% in 2012, according to the June edition of the Global Economic Prospects report. The forecast has been cut from previously expected 1.2%.
In April, industrial production expanded by 0.3% on the year, this being the first month of positive growth in 2012. Also in April, construction output increased for a second consecutive month. In May, there were monthly drops both in the unemployment rate reported by Eurostat and the rate measured in terms of registrations with the state labour agency. On the negative side, the composite business sentiment indicator dropped slightly in June and the number of foreign tourists decreased by 4.6% on the year in May.
In May, annual CPI inflation stayed at 1.7% for a third straight month, while annual PPI inflation slowed down to 4.3%.
Bulgaria has successfully placed a EUR 950mn 5-year Eurobond issue at a yield of 4.436%, Capital daily reported. The issue has been oversubscribed more than 5 times.
The country's general budget turned positive (ytd) in Jan-May for the first time since H1 2009.
The current account posted a deficit of EUR 597.5mn in the first four months of the year, compared to a deficit of EUR 204.1mn a year earlier. Net FDI flows in Bulgaria reversed the upward trend from March and reported a EUR 84.3mn deficit in April, as compared to EUR 100.6mn surplus a year earlier." SHOW LESS READ MORE >
3. Industry and Trade?
4. Labour Market
Table 1 Bulgaria general budget, BGN mn
Table 2 Bulgarian banks income statement data
Table 3 Bulgaria balance of payments, in EURmn
Figure 1 Bulgaria CPI, PPI
Figure 2 Bulgaria business climate
Figure 3 Bulgaria registered unemployment
Figure 4 Bulgaria government budget
Figure 5 Bulgaria bank loans
Figure 6 Bulgaria base interest rate
Figure 7 Bulgaria CA, FDI
Figure 8 Bulgaria external liquidity
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