Sun, Nov 22 2009
Photo: Assen Tonev
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.
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.
Even though low prices are taking down the total amount needed to strike a deal, borrowers still feel intimidated by high interest rates.
Bulgaria’s National Statistical Institute says consumer confidence dropped 7.6 points from January to April 2009, while retail revenues are also on the slide.
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.
Credit is still tight and expensive, with all new borrowers digging deeper in their pockets.
Year-on-year inflation in Bulgaria fell to 4.9 per cent in March after the consumer price index recorded a decline for the fifth time in 10 months, National Statistical Institute data showed.
Objective analysis shows how valuable labour migration has been for the old member states. Flow of workers from Eastern countries has been crucial in meeting shortfalls in labour markets and boosting growth
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.