In Feb 2019, Bulgarian Unemployment Rate Decreased By 0.8%

In February 2019, the registered unemployment rate reached 6.2%, which was a decrease of 0.8%, Finance Minister Vladislav Goranov said at the beginning of today’s government meeting, Focus News Agency reports.
In March, the business climate indicator was up 0.3 point, driven by better expectations of retailers in construction and services, the finance minister reported. The consumer confidence indicator also improved in March, he said. “The assessment of households’ current financial situation as well as the future economic situation also improved, which is good news. Industrial production and turnover show positive developments since the beginning of 2019, with the latest data for February showing 6.6% growth in industrial production and 6.9% of turnover of industrial enterprises compared to 2018,” Goranov said, adding that the more favourable dynamics was a result of export sales, which increased by over 10%, supported by the production of chemical products and electrical equipment.
“Construction growth also accelerated by 9.2% in February, although building construction retained its leading role. Civil construction also registered growth,” Minister Goranov explained.
He further said there was also a positive trend in the labour market, “In February, the registered unemployment rate reached 6.2%, down 0.8% compared to the same month of 2018.” 
In January, the growth in exports of goods grew 8.4% compared to January 2018, mainly to EU countries but also to third countries, Goranov said.

Read More

Bulgaria, Turkey, And Greece With Joint Tourist Packages?

Turkey is keen on increasing its tourist flow through joint tourist packages with Bulgaria and Greece when the land and sea borders...

Average Income In Sofia 651 BGN

People with higher education in Sofia are twice as many as those in the country. The average monthly income per capita...

An Increase Of 3.2% Of Bulgarians Going Abroad

Bulgarians made 653.6 thousand trips abroad in September 2019, up 3.2% compared to September 2018, the National Statistical Institute (NSI) said in a press release.


Cyber Insurance Now Available In Bulgaria

The Bulgarian government and the IT industry must cooperate to create cyber-security infrastructure, said Bulgarian Cybersecurity Association President Miroslav Stefanov during an...

Pound Rises After Brexit Vote In British Parliament

The pound has risen after MPs voted to reject Theresa May's Brexit deal by 230 votes, reported BBC.  The vote opens up a range...

Bulgarian Cruise Ship Business Is In Limbo

Bulgaria’s Black Sea port cities of Varna and Bourgas will see no cruise ships dock in summer 2018, a result of companies’ concern about...