FINANCE
The latest issue of the quarterly report “Economic activity indicator in Bulgaria”
In Q2 2018 the economic activity indicator in Bulgaria (EAI) remained close to its value in Q1. The cyclical component fell down but this was offset by the improvement in the long-term position of the economy. The preliminary estimate for the EAI in Q3 indicates a decline due to the further decrease of the cyclical component.
Most of the variables included in EAI made a cyclical downturn, with the largest contribution from the industrial production index. Similarly, a high negative influence came from the capacity utilization, international prices of non-energy commodities and petroleum, and real GDP growth in EU-28. Unlike the observed worsening of the indicators related to the external economic activity, the cyclical position of the sentiment indicators presented with the business climate, industrial orders, expectations for selling prices and employment dynamics remained close to Q1. On the positive side, the cyclical component of VAT revenues increased considerably, thus limiting the EAI downturn.
The entire document can be downloaded here.
NEWS FROM BCCI
Important business events and visits in Bulgaria and Japan in 2019
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The Embassy of Slovenia in Sofia will open its door at the end of October
Mr Anžej Frangeš is the newly appointed Ambassador of Slovenia Още
Discussion of ideas for enhancement of the economic cooperation between Bulgaria and Uzbekistan
Meeting with the trade counsellor at the Embassy of Uzbekistan Още
Yemen takes interest in cooperation in the field of infrastructure projects
Forthcoming is presentation of the new opportunities of doing business in Yemen Още
INVESTMENT NEWS
DHL Express Bulgaria officially opened its new logistics center in Sofia
Located next to Terminal 2 of Sofia Airport Още
BULGARIAN ECONOMY
Monthly inflation in Bulgaria at 0.3% in September
The annual inflation, compared to September 2017, reached 3.6% Още
REGIONAL COOPERATION
The exhibition in Sofia shows the achievements of the Danube Strategy
And the attractiveness of the second longest river in Europe Още
TRANSPORT AND LOGISTIC
A platform for information exchange was set up to discuss topical issues on Mobility Package I
Bulgaria continues to strongly assert its active position in all possible formats where the Mobility Package is being discussed Още
LEGISLATION AND REGULATION
Old car tax increase was adopted at first reading in Bulgarian Parliament
To enhance environmental indicators Още
