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Short-term fiscal policy of the new government: possible scenarios.
Industry Watch report is available in Bulgarian; please contact us for more details....
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The dollar inflation is only part of the story behind oil price records.
Part of the reason for the long-term rise of oil prices is purely monetary, viz. inflation of the dollar and of the euro. Prices of most tradable goods, not only the prices of oil, have risen substantially for the past two years, especially when we talk about metals. On average, industrial goods prices rose by 58% in three years...
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Trakiya Motorway concession would have a significant fiscal and macroeconomic effect in Bulgaria.
Privatization and deregulation in Bulgaria are often subject to obstacles imposed by the Judiciary. From the recent history we know that, although the formal justification of the judicial intervention is always check of procedures and their consistency with the law, in most of the situation expediency is the leading argument.The...
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Privatization of the biggest power plants opens smoothly.
The initial offers for three of the biggest thermal power plants in Bulgaria revealed a huge interest by international players. From a macroeconomic standpoint it is generally unimportant who the owners will be. Moreover, from the privatization tradition in the country we know that it is too early to speculate on the name of the...
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Housing Market in Bulgaria/April 2005 is available to subscribers.
The April update of our regular report was released today. For more information and subscription, please click the product button on the right....
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The government decided to grant the Varna & Bourgas airport concession to Copenhagen Airports.
The decision is expected to have impact on Bulgarian Black Sea tourism development.The changes will affect both the physical infrastructure and the business operations model of the two airports. Up to now, we know of the following plans of the selected concessionaire:1. Construction of a new terminal in Varna and reconstruction ...
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IMF Mission to Bulgaria and the revision of fiscal policy.
The agreement between the IMF mission and Bulgarian government will affect mainly public investment expenditures. The listed capital of ‘Public Investment Projects’ corporation will be reduced from BGN 340 million to 220 million. Additionally, the government committed itself to cut another BGN 117 million in expenditures. This r...
