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Business » Finance
Almost One in Three Bulgarians Cannot Pay All their Bills
Almost every third Bulgarian cannot pay all their bills. This is according to a Eurofund study done in the spring. People encounter the most serious difficulties in the entire European Union, including in Bulgaria, with the payment of their household bill
Bulgaria: The Economy Grew by nearly 5% before the Start of Summer
In the April-June period, the economy grew by 4.8% compared to the second quarter of the previous year, NSI reported. Compared to the first three months of the year, the gross domestic product (GDP) grew by 1.1%
Annual Inflation in Bulgaria for July Jumped above 17%
The annual inflation for the month of July jumped 17%, and after the first seven months of the year, it is over 11%, with the biggest increase recorded in electricity, gas and fuel bills
The Average Salary in Bulgaria is BGN 1,730 (EUR 884) in the Second Quarter of 2022
In the second quarter of 2022, the average monthly gross salary was BGN 1,730 (EUR 884.09) and increased by 7.8% compared to the first quarter, the National Statistical Institute reported
How to Launch a Small Business in Today’s Economic Climate
The current economic climate poses obvious challenges for any business, and especially for new small businesses.
"Economist": A Recession in Europe is Inevitable, Bulgaria will be among the Most Affected
Recession in Europe in the winter of 2022-2023 due to the energy crisis is now inevitable. Bulgaria will be one of the countries that will suffer because of the shrinking demand for its products in the EU
Bulgaria: Already in the Autumn we will see the first Increases in Interest Rates for New Loans
We will most likely see the first rate hikes for new loans - for customers who are yet to take out loans - in the fall. It will be a slightly longer process for already drawn loans, which will probably start in about a year or a year and a half
Fed: Inflation remains “Too High”
US Federal Reserve Chairman Jerome Powell said US inflation remains "too high"
Economic Challenges weigh on the European Investment Activity recorded in Q2 2022
Investors focus attention on specific sectors and sub-markets
The IMF Downgraded its Forecasts for the Growth of the World Economy
The International Monetary Fund (IMF) has downgraded its forecasts for the growth of the world economy
The Lowest Minimum Wage in the EU is in Bulgaria, the Highest - in Luxembourg
As of July 1, 2022, minimum wage levels vary widely among European Union member states
The Turkish Lira Hit Rock Bottom
The Turkish lira hit its lowest value of the year after the central bank again refused to raise interest rates to fight rising inflation and prop up the struggling currency
Bulgaria is among the 3 Countries in the EU with the Lowest Debt to GDP
Is the national debt growing or melting is a topic that, especially in the last year, has become a political baton. The rulers use it to make sure that as a result of their work, the share of debt in the gross domestic product falls, while the opposition
Bulgaria has maintained its Rating in the latest edition of the Wealth of Nations Index
The Wealth of Nations Index is an innovative measure of economic development created by the Warsaw Enterprise Institute
Financial Analyst: The Expensive Dollar will have a Negative Impact on the Import of Raw Materials
The war in Ukraine and its consequences are the main reason for the leveling of the euro against the dollar. For the first time since the beginning of the new millennium, we have seen parity between the world's two major reserve currencies
EC: Inflation in Bulgaria will reach 12.5%
Inflation in Bulgaria will accelerate to 12.5% in 2022 due to higher energy and food prices and the indirect impact of higher energy prices for businesses on headline inflation
Steve Hanke: Keep your Savings in BGN when the Euro is Weak
“After the collapse of the euro, it is best for Bulgarians to keep their savings in BGN”. The advice comes from Johns Hopkins University in Baltimore professor of applied economics Steve Hanke.
Inflation in the US has reached its Highest Level in 40 years
State statistics reported that the prices of consumer goods in the country increased by 9.1% in June, compared to the same month last year
The Euro reached a Price of One Dollar - its Lowest Value in 20 years
Last night, for the first time in 20 years, the euro equaled the US dollar amid a cut in Russian gas supplies to Europe and growing fears of a recession in the Eurozone
Ministry of Finance: Bulgaria expects 1.3 billion Euros from the Recovery Plan this Fall
More than 1.3 billion euros, which Bulgaria should receive this year under the Recovery and Sustainability Plan, is expected to enter the treasury in the fall, the Ministry of Finance announced
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