Sun, Nov 22 2009

European Commission sees a better economic growth outlook for the second half of 2009, but GDP is still expected to fall by four per cent overall in 2009 in the EU27 and euro area.
Food companies in Bulgaria are showing poorer results, even though they were believed to be in a sector better equipped to withstand the economic crisis.
Basescu: Many incompetent people currently have a government job - and they will have to go
Household of two adults and two children needs 1923 leva – about 980 euro -- monthly to be able to eat a balanced diet, pay utility bills, buy clothes and get a proper education, says Lyuben Tomev, Director of the Institute for Social and Trade Union Surveys at the Confederation of Independent Trade Unions in Bulgaria.
Bulgaria's consumer price index (CPI) shrank in June by 0.4 per cent, the sixth time deflation was recorded in Bulgaria since May 2008, National Statistical Institute (NSI) data showed on July 13.
The euro area economy remains deep in recession, but business and consumer sentiment and financial markets are showing improvements.
Compared with April 2009, annual inflation fell in 24 EU member states, remained stable in one and rose in one, Eurostat says.
Bulgaria's consumer price index shrank in May by 0.3 per cent, the fifth time deflation was recorded in Bulgaria over the past 12 months, official data showed.
Year-on-year inflation in Bulgaria eased to 4.8 per cent in April, compared to 4.9 per cent a month earlier, National Statistical Institute (NSI) data showed
The European Commission became the latest addition to the club of institutions forecasting that Bulgaria's economy will contract in 2009.
Strong public opposition to price hikes prompted Prime Minister Boiko Borissov to axe the Finance Ministry proposal to increase the excise duty on spirits, but MPs have put it back on the agenda.
Bulgaria’s Cabinet seeks to reverse recent changes in the telecommunications sector
Kremikovtzi’s prospects for a recovery plan appear increasingly distant
Bulgarians are getting the hang of debit and credit cards, MasterCard says
The two telecoms, both set up to challenge former fixed-line state monopoly BTC, will merge operations and expect to report 20 million euro in revenue and a gross profit of five million euro in 2010.