Bulgaria Country Report - June, 2013

July 10, 2013

An early election is the only democratic way out of the ongoing political crisis, President Rossen Plevneliev said in an extraordinary address to the nation on July 5.

Both the World Bank and Moody's expect Bulgaria's GDP to increase by 1.2% in 2013. This figure is slightly higher than the recently revised forecast of the Bulgarian government for 1% economic growth this year.

Annual CPI inflation remained unchanged at 2% in May 2013, while PPI declined by 0.7%.

The overall business climate indicator decreased in June 2013. The industrial production fell by 6% y/y in May. On the positive side, retail sales (excl. autos) increased by 1.5% y/y in May.

The general government budget turned to a surplus of BGN 45.5mn (EUR 23.3mn) in Jan-May. The surplus is 32.5% lower on the year.

Bulgaria's current account balance posted a EUR 162mn surplus in Jan-Apr 2013 after ending the first quarter with a gap of EUR 357mn.

To view this extensive report in full including details such as —

  • Macroeconomic Analysis
  • Politics Analysis
  • Industrial sectors and trade
  • FX, Financials and Capital Markets
  • And more!

For a one-off purchase click here

For an annual subscription click here

For a free sample click here

Related Reports

Russia country report - July , 2024

Russia’s economy grew by 0.8% in the second quarter quarter-on-quarter, with overheating persisting so far, according to the Central Bank’s bulletin "What Trends Say". "Due to active growth ... more

Russia country report - July , 2024

Russia’s economy continues to put in robust growth. Industrial production and GDP figures are surpassing analysts' expectations, according to recent reports and statements from government officials ... more

Ukraine country report - June, 2024

Ukraine's economy is reeling under heavy assault by Russian forces, with real GDP growth slowing in April due to sustained attacks on the energy system. Ukrainian Commander-in-Chief Oleksandr Syrskyi ... more

Follow Us On

Most Read

  1. Europe's gas crisis is back with a vengeance
    1 day ago
  2. Missing money, delayed arms deliveries and demands for mining deals, Ukraine's relations with Trump are off to a rocky start
    1 day ago
  3. Iran demands France pay for dead illegal migrants as tensions grow between Tehran and Paris
    1 day ago
  4. COMMENT: Trump’s return holds both peril and promise for the South Caucasus
    1 day ago
  5. Can Eritrea’s mining sector flourish under autocratic rule?
    1 day ago
  1. Europe's gas crisis is back with a vengeance
    1 day ago
  2. Missing money, delayed arms deliveries and demands for mining deals, Ukraine's relations with Trump are off to a rocky start
    1 day ago
  3. Iran demands France pay for dead illegal migrants as tensions grow between Tehran and Paris
    1 day ago
  4. Nicaragua unveils new canal route in bid to rival Panama
    2 months ago
  5. Global access to energy starts to fall for the first time in a decade, says IEA
    7 months ago

Reports

Dismiss