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Risks and outlook for the Bulgarian economy though the prism of net exports
Most analyses of the external trade usually tend to be focused on the growth of exports and imports as a whole or by product categories, but few of them actually focus on the dynamics of net exports (exports minus imports). A look on the official statistics reveals some interesting trends regarding external trade.
On one hand, ...
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Subcription for Industry Watch reports in 2012
The global financial crisis in 2008 and the subsequent recession in advanced economies showed how important it is to be aware of the risks, stemming from the ongoing monetary and fiscal policies.
It also came clear that although in the short run markets are influenced by “animal spirits”, in the end the fundamental ...
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Household financial wealth and the housing market in Bulgaria, Q3 2011
Industry Watch distributed among its subscribers the quarterly report “Personal Assets: Household Financial Wealth and the Housing Market, Q3 2011". Here are the highlights of the report.
The household financial wealth increased to BGN 41 billion as of end-June 2011. Compared to the previous quarter, notably increase...
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New report by Industry Watch: Sustainable recovery or new recession: Macro risks and prospects for main industries in 2011-2012
The European Union is the main trade partner of Bulgaria so the Bulgarian economy follows in the footsteps of the EU market recovery. At the end of 2010 the GDP of Bulgaria started recovering gradually but it was only export-driven. At present it is of utmost importance whether Europe is steadily leaving the crisis behind or a r...
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Open budget initiative 2010: International index of budget transparency
Bulgaria reported small decline in the budget transparency and is still far from the best examples for budget transparency in the world, according to the announced on Oct. 20th Open Budget Initiative 2010.
By one percentage point - from 57% to 56% declined the budget transparency in Bulgaria. Accordingly, Bulgaria is not among ...
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Personal Assets in Bulgaria and the Housing Market in Q2 2010
Household financial wealth continued to increase, exceeding BGN 37 billion as of end-June 2010. The growth rate of the personal assets of Bulgarians accelerated again to over 10% annually.
Total household indebtedness to banks, leasing companies and specialized credit companies fell by 3% annually. Increased savings in combin...
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Personal assets in Bulgaria, Q1 2010
Under rising uncertainty about employment and income in the context of the still high real interest rate on deposits the saving rate in Bulgaria reached 20% of GDP by the end of 2009, compared with 16% in 2008. Bulgarians have 59 thousand deposits in banks, in excess of 50 000 leva, as their total sum amounted to 6.9 billion (or...
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Personal Assets in Bulgaria in Q3 2009
The growth potential of personal wealth is constrained by the stagnation on the labor market, visible through declining incomes and increasing unemployment, which will probably continue to pick up in 2010 as well. Nevertheless, there are existing factors, which stimulate the growth of wealth. In times of crisis households save, ...
