Migrant Entrepreneurs Call for Smarter Policies to Boost Bulgaria’s Economy
On the occasion of International Migrants’ Day on December 18, migrant business owners in Sofia released a Manifesto of Foreign Entrepreneurs in Bulgaria
pixabay.com
The consumer price index in August 2017 compared to July 2017 was 100.1%, i.e. the monthly inflation was 0.1%.
The inflation rate since the beginning of the year (August 2017 compared to December 2016) has been 1.1% and the annual inflation in August 2017 compared to August 2016 was 1.4%. The annual average inflation, measured by CPI, in the last 12 months (September 2016 - August 2017) compared to the previous 12 months (September 2015 - August 2016) was 1.1%, according to the National Statistical Institute.
The harmonized index of consumer prices in August 2017 compared to July 2017 was 100.2%, i.e. the monthly inflation was 0.2%. The inflation rate since the beginning of the year (August 2017 compared to December 2016) has been 0.9% and the annual inflation in August 2017 compared to August 2016 was 0.7%).
The annual average inflation, measured by HICP, in the last 12 months (September 2016 - August 2017) compared to the previous 12 months (September 2015 - August 2016) was 0.4%.
The price index of a small basket in August 2017 compared to July 2017 was 100.0% and the overall increase since the beginning of the year (August 2017 compared to December 2016) has been 101.4%.
In August 2017 compared to the previous month the prices of goods and services in the small basket for the 20% households with the lowest income changed as follows:
Food products - a decrease of 0.2%;
Non-food products - an increase of 0.2%;
Services - an increase of 0.2%
Financial expert Max Baklayan has warned that the main risk in Bulgaria’s transition to the euro is not the exchange rate, but the increased likelihood of counterfeit currency
The Governing Council of the Bulgarian National Bank (BNB) has granted preliminary approval to Bulgarian-American Credit Bank AD (BACB) to acquire a controlling stake in Tokuda Bank EAD
Economist Dimitar Chobanov has warned that the current policies are pushing Bulgaria’s budget toward a structural deficit that is already becoming apparent
Bulgaria’s banking system will undergo a brief technical shutdown on New Year’s Eve
The demand for euro coin sets proved overwhelming, as post offices across Bulgaria reported that their stocks had rapidly depleted.
From December 1st, Bulgarians can purchase starter packages with the national side of the euro coins at banks and “Bulgarian Posts”
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence