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Bulgaria among EU countries with highest increase in industrial producer prices

Wed, Jun 02 2010 13:01 CET

byClive Leviev-Sawyer

3377 Views 1 Comment
Bulgaria among EU countries with highest increase in industrial producer prices

In April 2010 compared with March 2010, the industrial producer price index rose by 0.9 per cent in the 16-member euro zone and by one per cent across the 27 member states of the European Union, with Bulgaria – at 1.9 per cent – showing one of the highest increases, EU statistics office Eurostat said on June 2 2010.
 
In March, prices increased by 0.6 per cent in the euro zone and 0.8 per cent in the EU.
 
In April 2010 compared with April 2009, industrial producer prices gained 2.8 per cent in the euro area and 3.7 per cent in the EU27.
 
Monthly changes

In April 2010, compared with the previous month, prices in total industry excluding the energy sector increased by 0.5 per cent in the euro area and by 0.6 per cent in the EU27.
 
Prices in the energy sector rose by 1.9 per cent and 1.7 per cent, respectively. Intermediate goods gained 1.3 per cent in both zones.
 
Durable consumer goods increased by 0.1 per cent in the euro area and by 0.3 per cent in the EU27. Non-durable consumer goods rose by 0.1 per cent and 0.2 per cent, respectively.

Capital goods remained stable in the euro area and gained 0.2 per cent in the EU27.

Eurostat said that among EU member states for which data are available, the highest increases in the total index were recorded in Hungary (three per cent), Latvia (2.8 per cent), Bulgaria (+1.9 per cent) and Greece (+1.4 per cent).
 
The only decrease was observed in Sweden (-0.4 per cent), while the index remained stable in Malta.

Annual changes
 
In April 2010, compared with April 2009, prices in total industry excluding the energy sector increased by one per cent in the euro area and by 1.1 per cent in the EU27, according to Eurostat.
 
Prices in the energy sector rose by 7.7 per cent and 10.2 per cent., respectively.
 
Intermediate goods gained 2.7 per cent in the euro area and 2.6 per cent in the EU27. Durable consumer goods increased by 0.4 per cent and 0.7 per cent, respectively.
 
Capital goods fell by 0.1 per cent in the euro zone, but rose by 0.1 per cent in the EU27. Non-durable consumer goods declined by 0.4 per cent and 0.1 per cent, respectively.

Among member states for which data are available, Eurostat said, the largest increases in the total index were observed in Malta (16.7 per cent), Greece (9.1 per cent), the United Kingdom (8.5 per cent) and Denmark (6.6 per cent).

The only decreases were observed in Latvia and Slovakia (both -4.5%).
 

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Comments

Anonymous normal Wed, Jun 02 2010 15:16 CET
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That's only normal if you know the salaries are among the lowest in the world. Don't need to be a scientist for that.


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Appointments

Employment Agency

Employment Agency

Kamelia Lozanova has been appointed the executive director of the Employment Agency, a position she has held ad interim since September 2011, following the resignation of her predecessor Rossitsa Stelianova. Prior to that, Lozanova was the agency's deputy executive director in charge of international projects and European programmes. She has been with the agency for more than 20 years. Lozanova has a degree in Slavonic philology from the St Kliment Ohridski University of Sofia.

Uniqa

Uniqa

Gloria Dimitrova has been appointed executive director and member of the managing board at Uniqa Life Insurance Bulgaria. Dimitrova began her career in 1998 at the insurance supervision directorate, but moved to the private sector and worked for professional services and insurance brokerage firm Marsh&McLennan and US insurer AIG, both in Bulgaria and the Middle East. She joined Uniqa as regional director for Sofia in 2010. Dimitrova has a degree in economics from the University for National and World Economy in Sofia and a master's degree in insurance from the Business Academy in Svishtov.

Kamenitza

Kamenitza

Yassen Lyubenov is the new head of marketing at Bulgarian beer brewer Kamenitza. Lyubenov has 12 years of experience in marketing in the fast-moving consumer goods sector and has started his career as assistant brand manager at Kraft Foods Bulgaria. He later became brand manager at Wrigley Bulgaria, with responsibilities for Bulgaria and Macedonia. Prior to joining Kamenitza, he was senior marketing manager at Wrigley Russia, where he was in charge of brand expansion into Ukraine, Belarus, Central Asia and the Caucasus. Lyubenov has a bachelor's degree in international business administration from the University of Lincoln, UK.

Beiersdorf

Beiersdorf

Bedros Kalfayan, general manager of skin care and cosmetics company Beiersdorf Bulgaria, will oversee the parent's company units in Romania and Moldova starting April 1. Following company restructuring, Beiersdorf's subsidiaries in the three countries were merged and are now one unit, part of Beiersdorf Central and Eastern Europe. Kalfayan joined Beiersdorf in 2007 as sales manager and was promoted to general manager in 2008. Prior to that, he worked for Axxon Bulgaria, Ferrero and Rubella. Kalfayan has a master's degree in industrial management from the Technical University in Sofia.

Hewlett-Packard

Hewlett-Packard

Sasha Bezuhanova has been appointed Hewlett-Packard public sector director for emerging markets, where she will oversee HP public sector activities in 63 countries, including Bulgaria. Bezuhanova will also be in charge of HP's relations with the European Union. Bezuhanova has been HP's public sector director for Central and Eastern Europe since 2008; before that she was general manager of HP Bulgaria since 1998. Bezuhanova has a master's degree in electronics from the Technical University in Sofia and has completed a managment programme at INSEAD.

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