The unemployment rate in Bulgaria in September has dropped to 9,07%, announced Labor Minister Totyu Mladenov.
According to him, there are currently about 3000 available job positions. He also added that the unemployment is decreasing slowly but steadily in the past seven months.
Statistics show that since February unemployment has dropped from 10,26% to about 9%.
About 6000-7000 people are expected to be left without jobs after the seasonal employment during the summer is over....
Turnover in Bulgaria is up BGN 1 B in August 2010, compared to the same month in 2009, data of the National Revenue Agency (NRA) shows.
The data comes from the August declarations of businesses registered under the Value Added Tax (VAT), which had a September 14 deadline for submission with NRA.
Data further shows the August 2010 price of companies' products without VAT (tax base) has been BGN 1.4 B compared to BGN 13.3 B a year ago.
NRA say the improved results stem from their regular...
Economic freedom in Bulgaria ranks 15th among the 27 members of the EU and 36th in the world for 2008, show the results of a Fraser Institute study released Monday.
The Economic Freedom of the World 2010 Annual Report summarizes results for 2008 that show global economic freedom marginally decreasing at the onset of the crisis (from 6,74 out of 10 for 2007 to 6,67 for 2008).
Bulgaria's result is 7.31 for 2008 and has been marking a steady increase since 1990.
The top three EU countries...
Bulgaria aims to have a budget deficit of 2.5% of gross domestic product and a growth of 3.6% in 2011, according to a budget draft, cited by reports.
In June, the center-right cabinet revised the state budget increasing its 2010 target for deficit to 4.8% of GDP on a cash basis and 3.9% of GDP under EU accounting rules, far wider than initial estimates.
The center-right government dropped its plans for applying for ERM II after raising the alarm that the 2009 budget gap was 3.7% of gross...
In August 2010, Bulgaria had an unemployment rate of 9.14%, announced Labor Minister Totyu Mladenov.
The Minister pointed out on Sunday that after the Bulgarian unemployment peaked in February 2010 at 10.2%, it has been decreasing slowly but steadily in the last 6 months, with 40 000 Bulgarians starting new jobs in that period. In July Bulgaria's unemployment rate was 9.23%.
Mladenov said 9 000 people will be appointed as personal assistants to people with disabilities as of October...
Bulgaria registered once again an inflation of 0.4% on monthly basis in July, after a relatively short period of stability, data published Thursday by the National Statistics Institute (NSI) reveals.
The annual inflation is up 2.4% and was 1.4% in June, 2010.
The higher prices were triggered by cost increase of fuels, electric power, water and gas.
Inflation is up 1.9% since the beginning of the year – January – July, 2010.
If EU standards are used, inflation is even higher – 0.5%...
The Center for Economic Development has announced its forecast that Bulgaria will overcome the economic crisis at the end of 2010 or at the beginning of 2011 the earliest.
According to the experts' report, announced Monday, the economy of the country has shrunk by 1% in the second trimester, in comparison to the first trimester, when the compression has been 3,6%.
The Center has criticized the macro framework of the state budget, according to which Bulgaria's GDP will grow by 3,6% in the...
Determined to consolidate the country’s budget deficit, Bulgaria’s Finance Minister Simeon Djankov has announced plans to implement a 20% cut in public spending, rather than raising the 20% value-added tax (VAT) rate.
Bowing to fierce opposition from trade unions and business leaders, Bulgaria’s government has finally confirmed its intention to cut public spending rather than to press ahead with controversial proposals to raise taxes. Djankov had also recently threatened his resignation if...