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Intellinews - Bulgaria Country Report -May 2013

  • June 2013
  • -
  • Emerging Markets Direct Media Holdings
  • -
  • 21 pages

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The new government line-up of PM designate Plamen Oresharski won a weak but expected parliamentary vote on May 29.

Bulgaria's economy expanded by x.x% y/y in real terms in the first quarter of 2013.

In April, annual CPI inflation decelerated, while PPI dropped y/y, marking a first annual decline since December 2009. Retail sales rose y/y in April, while industrial production registered negative annual growth in this month. In addition, the country’s overall business climate indicator fell both y/y and m/m in May.

Bulgaria's unemployment rate, measured in terms of registrations with the state labour agency, fell to xx.x% in May 2013 from xx.x% the month before.

Bulgaria's general government budget posted a BGN xxx mn (EUR xxx mn) surplus in April 2013, as a result of which the ytd budget gap contracted to BGN 286mn.

Bulgaria's current account deficit narrowed xx% y/y to EUR xxx mn in Q1 2013 on the back of strong exports.

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