Report On The Economic And Financial Conditions In Bulgaria

Author : Great Britain. Department of Overseas Trade
Publisher :
ISBN 13 :
Total Pages : 506 pages
Book Rating : 4.66/5 ( download)

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Download or read book Report on the Economic and Financial Conditions in Bulgaria written by Great Britain. Department of Overseas Trade and published by . This book was released on 1922 with total page 506 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
ISBN 13 : 1484342011
Total Pages : 64 pages
Book Rating : 4.15/5 ( download)

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Download or read book Bulgaria written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2018-02-21 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2017 Article IV Consultation highlights that the Bulgarian economy is performing well. Growth has been on an upward trend and is estimated to reach 3.8 percent in 2017 and 2018, driven by strong exports, easier financial conditions, and growing confidence. The current account remained in surplus in 2017, despite rapid wage growth. The economy shows signs of a closing output gap. Headline inflation turned positive in 2017 and inflationary pressure is rising. Fiscal outcomes have been stronger than budgeted in recent years, reflecting mainly revenue overperformance and under-execution of capital spending. The main challenge is to translate this recent recovery into sustained and inclusive growth and convergence with other European Union countries.

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
ISBN 13 : 1475552491
Total Pages : 66 pages
Book Rating : 4.92/5 ( download)

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Download or read book Bulgaria written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2016-11-10 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper highlights Bulgaria’s state-owned enterprises (SOEs) sector and to assess its performance in a regional perspective. A detailed and rich firm-level dataset of state-owned and private firms was compiled for this note to compare key performance indicators of SOEs to private firms in the same sector and to similar firms in Croatia and Romania for a regional comparison. In some network industries, such as energy, SOEs are heavily loss-making. Large amounts of debt have been piled up notably in the energy and transport sectors which, to the extent that it is classified outside the general government accounts, can pose significant risk to public finances in the form of contingent liabilities if the SOEs run into financial difficulties. SOE profitability and resource allocation efficiency largely lag private firms in the same sectors, even when isolating SOEs engaged in competitive market activities and hence classified outside of general government. Coupled with comparably poor output quality, these challenges have the potential to impair competitiveness and productivity across the economy.

Author : European Commission. Directorate-General for Economic and Financial Affairs
Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.02/5 ( download)

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Download or read book Macroeconomic Imbalances - Bulgaria written by European Commission. Directorate-General for Economic and Financial Affairs and published by . This book was released on 2012 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This in-depth review takes a broad view of the Bulgarian economy in order to identify actual or potential imbalances and the possible macroeconomic risks which they may entail. Following an economic boom in 2006-2008, the necessary adjustment is taking place. But the burden on the labour market is unnecessarily high. Moreover, more needs to be done to ensure the sustainability of the adjustment once the economy recovers to its growth trend. The main observations of this review are: Following EU accession, some notable internal and external imbalances built up in the Bulgarian economy. The labour market has been hit hard by the crisis and the reintegration of low-skilled workers has proven difficult. The main labour market challenges relate to skills mismatches in some sectors and regions. Despite a pronounced deceleration, unit labour cost (ULC) growth remains one of the fastest in the EU. The current account adjustment is largely structural and is driven by sizable export market share gains, but major vulnerabilities remain. Deleveraging of the corporate sector is on-going, but the still high level of indebtedness will lengthen the adjustment process and keep the corporate sector vulnerable to changes in market sentiment. Fiscal policy is facilitating the adjustment process. In this context, the in-depth review concludes that Bulgaria is experiencing macroeconomic imbalances, which are not excessive but need to be addressed. In particular, the level of external indebtedness as well as certain macroeconomic developments related to corporate sector deleveraging and the adjustment process through labour markets deserve attention so as to reduce the risk of adverse effects on the functioning of the economy. Possible policy responses should focus on reducing skills and regional labour market mismatches and on reviewing the minimum thresholds for social security contributions. Also, emphasis on boosting total factor productivity remains crucial given that the deleveraging of the corporate sector will probably dampen investment. As a small open catching-up economy with unfettered capital flows and a fixed exchange rate tends to be inherently volatile, macroeconomic policies and banking regulation in Bulgaria should focus on reducing the risks of repeating boom-cycles and on strengthening the risk absorption capacity of economic agents.

Author :
Publisher :
ISBN 13 :
Total Pages : 136 pages
Book Rating : 4.53/5 ( download)

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Download or read book Bulgaria - Recent Economic Developments written by and published by . This book was released on 1996 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

Author : Dimitar Vasilev
Publisher : GRIN Verlag
ISBN 13 : 3656038295
Total Pages : 78 pages
Book Rating : 4.90/5 ( download)

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Download or read book Small and medium-sized enterprises in Bulgaria written by Dimitar Vasilev and published by GRIN Verlag. This book was released on 2011-10-27 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2009 in the subject Economics - Finance, grade: 1,7, Furtwangen University; Villingen-Schwenningen, language: English, abstract: In modern economic conditions, conducting business activity of any kind without availability of debt finance is improbable. The private sector in Bulgaria face the challenge of maintaining sufficient amount of capital to successfully satisfy both working and investment needs. Debt finance products offer an ideal way to satisfy those needs. Small- and medium-sized enterprises are main employment generator and key economic growth factor. They play primarily role in forming both GDP and Value Added of the country. However, SMEs have experienced a vast amount of economic and social problems. Main problems groups can be brought down to: - Inappropriate business environment for the development of SME (administrative, legal, poorly developed business consulting services and regional business centers etc.) - Insufficient financial assistance Since capital markets in Bulgaria are still underdeveloped and alternative sources of finance are hardly present, bank loans/credit lines along with supplier/customer debt prove to be a primary source of capital for small- and medium- sized enterprises. In a bank-based financial system like Bulgaria, banking system is a key factor of economic growth with a major role in productivity, investment levels, innovation and expectation of entrepreneurs. All those factors explain the importance of the chosen topic on regional and national level. Purpose of this work is to create a comprehensive profile of the SME sector in Bulgaria; to pinpoint and analyze its problems toward access to external capital as well as to evaluate trends and challenges in SME debt finance. Key question on which this work attempts to answer is: What are the trends and challenges in the corporate debt financing sector? In order to get there, specific tasks will need to be accomplished - Creation of a comprehensive profile of the SME sector in Bulgaria and illustration of its growing importance for the national economy. - Evaluation of the supply and demand for debt and determination of potential barriers to limited external finance access for SMEs - Formulating and analyzing trends and challenges of corporate debt financing in Bulgaria [...]

Author : John R. Lampe
Publisher : Routledge
ISBN 13 : 9780709916444
Total Pages : 245 pages
Book Rating : 4.42/5 ( download)

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Download or read book The Bulgarian Economy in the Twentieth Century written by John R. Lampe and published by Routledge. This book was released on 1986 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : League of Nations
Publisher :
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.07/5 ( download)

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Download or read book Publications written by League of Nations and published by . This book was released on 1935 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
ISBN 13 : 1475552440
Total Pages : 91 pages
Book Rating : 4.47/5 ( download)

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Download or read book Bulgaria written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2016-11-10 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Bulgarian economy has shown resilience since the last Article IV consultation. Growth over the last 4 quarters exceeded expectations. The authorities took concrete steps to correct the fiscal slippage in 2014 and efforts are underway to strengthen confidence in the health of the financial system. Looking ahead, risks to the outlook are broadly balanced. Downside risks stem mostly from weak external demand, possible regional tension, and reversal in domestic policy reforms.

Author :
Publisher : Indonesia National Development Information Office
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.43/5 ( download)

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Download or read book Capital Markets and Portfolio Investment written by and published by Indonesia National Development Information Office. This book was released on 1996 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: