Euro area inflation in April rose to 2.8% from 2.7% in March, which is its highest level in thirty months !

16 / 05 / 2011

Euro area inflation in April rose to 2.8% from 2.7% in March, which is its highest level for the past thirty months, official data show the statistical office Eurostat said on Tuesday and BGNES.Inflatsiyata in the area sharing the single European currency Reached its highest level since October 2008 since when it was 3.2%. In April a year ago did its level was 1.6%. In April 2011 inflation for the fifth consecutive month remained above that imposed by the ECB ceiling of 2%. For the first time it exceeded the level approved in the last month of 2008, when it reached 2.2% in January and then rose to 2.3% in February – 2.4%.

Gross domestic product of Bulgaria rose 2.5 percent in the first quarter, compared to the same period of 2010 !

16 / 05 / 2011

Gross domestic product of Bulgaria rose 2.5 percent in the first quarter, compared to the same period of 2010 show eksresnite data from the National Statistics Institute (NSI). Compared with the period October-December growth was 0.4%. Movement of gross domestic product and state the factors affecting it are the clearest indicator of the economy and whether a country out of crisis. Although the data exceeded expectations of the majority analzitori who were contacted for comment on “Diary” (height between 1.5% and 2%), the reality is that the engine of growth is external trade and the recovery is felt mainly by companies producing international markets.

Source: Dnevnik

On 29.4.2011 promulgated amendment to the Bulgarian Accountancy Act!

02 / 05 / 2011

In the Official Gazette on 29 2004 2011 Posted amendments to the Bulgarian Accountancy Act regarding the publication of annual financial statements of the business and other entities in Bulgaria.

Producer prices continue to rise!

29 / 04 / 2011

Producer prices in March continued to rise, albeit at a slower pace, according to figures from the National Statistics Institute (NSI). Producer inflation was 13.5 percent on an annual basis (compared to March 2010) and 1% per month. In February, the figures were respectively 13.8% and 1.6%. The values ​​are now close to those before the crisis. But now the engine of appreciation are the high prices of energy resources and raw materials, before the crisis, it was much more active domestic demand. If manufacturing inflation remained at these levels for a longer period of time, threatens to carry on consumer prices, which in tight incomes will shrink consumption and may be brakeman for economic recovery.

Source: Dnevnik

In situation of high investor’s interest the Ministry of Finance (MOF) re-opened April 27 issue of government securities (GS) with an original maturity of 10 years and 6 months.

28 / 04 / 2011

In situation of high investor’s interest the Ministry of Finance (MOF) re-opened April 27 issue of government
securities (GS) with an original maturity of 10 years and 6 months. In 2011, the issue is used as the basis for
calculating the long-term interest rate that is one of the Maastricht criteria. The total value of the
orders amounted to nearly 71 million. Demand exceeds supply about three times, taking into account active
participation of all primary dealers, announced the Ministry of Finance.

Bulgaria is among the best performers in the EU financial stability.

27 / 04 / 2011

Bulgaria is among the best performers in the EU financial stability. The hole in the state budget for 2010 is only 2.269 billion leva, or 3.2 percent of GDP, according to the prior NSI. By this indicator the country is ranked fifth in the EU as a small deficit of us have only Luxembourg (-1.7%), Finland (-2.5%) and Denmark (-2.7%) and Estonia has a minimum surplus of 0.1 percent of GDP. In 2010, the hole in the coffers of the country shrank by 920 million leva and the resulting deficit fell from 4.7 percent in 2009 to 3,2% in 2010 Although some municipalities are very serious financial situation, others apparently failed to manage their money better as a result local authorities have completed 2010 with a surplus of 248 million over the next three years, provided the hole in the Treasury to fall below 2% by in 2014 to shrink to 0.5 percent of GDP, provides an estimate, which was recently approved by the Council of Ministers.

Pensions will be frozen next year.

26 / 04 / 2011

Pensions will be frozen next year. Minimum increase of money for older people is
scheduled only for 2013 then pensions will be increased by 2-3%. This provides estimates for 2012 –
2014, which was approved by the Cabinet. Provided money for pensions in 2012 were 7.097 billion
Financiers recall that this year the cabinet scored 7.049 billion to go for the elderly. This
means that money for the lifting of pensions now are not provided. Last year, the amounts of old age also
were placed in the freezer.

Source: Standard

Romania and Bulgaria will celebrate the greatest growth among new EU members (EU10) in 2012,

21 / 04 / 2011

Romania and Bulgaria who were affected by the economic crisis more than other EU countries, will celebrate the greatest growth among new EU members (EU10) in 2012, according to a World Bank report presented in Bucharest. “Romania is expected to lead to economic recovery in 2012 in comparison with other EU-10 with growth of 4.4 percent,” said Catalin Paun, an economist at the World Bank and co-author of the report.

The number of unemployed registered at employment offices, in March fell by 9,877 persons compared to February.

15 / 04 / 2011

The number of unemployed registered at employment offices, in March fell by 9,877 persons compared to February. This
press center of the Employment Agency. The total number of unemployed was 352,493 people or 9.52% of
economically active population. Positive trend is to reduce youth unemployment (under 29)
and people of retirement age (over 50) who traditionally are the most difficult job. The main reason
the fall is opening new locations along the demand of personnel for the summer. Thanks, in March
work has received nearly 24 thousand people.

Source: Dnevnik