БСЦ МСП-Русе

Business Support Centre for Small and Medium Enterprises

The Exports of Goods from Bulgaria to Third Countries Increased by 4.5%

www.pixabay.com In the period January - November 2019 the exports of goods from Bulgaria to third countries increased by 4.5% in comparison with the same period of the previous year and added up to 17 549.7 Million BGN. Main trade partners of Bulgaria were Turkey, China, Serbia, the Russian Federation, the United States and the Republic of North Macedonia which accounted for 50.5%
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The Tax Campaign in Bulgaria Begins

www.pixabay.com The new tax campaign begins today and runs until April 30. Individuals and companies will be able to submit their income declarations in 2019 both electronically and on site in the relevant National Revenue Agency territorial directorates. Those who have received incomes other than their salaries, such as fees or rents, are also required to declare these incomes. The
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World Bank Raised Economic Growth Projections for Bulgaria

www.pixabay.com In a report, published last night, the World Bank raises the 2018 economic growth forecast of Bulgaria from 3 to 3.6 percent, BNR reported. For this and for next year, the World Bank is also raising its forecast – a 3 percent growth rate for 2020, and 3.1 percent for 2021. In June last year its growth forecast was 2.8 percent for both years.  Source:
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BNR: Bulgaria is now Receiving Gas along TurkStream Gas Pipeline

www.pixabay.com The Energy and Water Regulatory Commission has accepted the reduction in the price of natural gas supplied to Bulgaria by Russia as of the beginning of January, by 1.81 percent compared to the previous quarter of the year, BNR reported. The change came about after the Bulgarian company Bulgargaz signed a contract with the Russian Gazprom Export on 30 December, by force
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Bulgarians have Spent between BGN 2.2 and 2.4 Billion to Celebrate the Holidays

www.pixabay.com We spent between 2.2 and 2.4 billion to welcome the Christmas and New Year holidays in Bulgaria. This was stated in the BNT morning show by financiers Mika Zaikova and Stoyne Vasilev. According to statistics, on average, Bulgarians spent about 200-300 BGN for gifts for one person. Financiers, however, claim that, in fact, most Bulgarians have spent about BGN 50 for a person.Source:
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NSI: Travels of Bulgarians abroad in November 2019 2.8% higher than in November 2018

www.pixabay.com In November 2019, the number of trips of Bulgarian residents abroad was 438.3 thousand or by 2.8% above the registered in November 2018, the National Statistical Institute said in a press release. In comparison with the same month of the previous year, an increase was observed in the total number of the trips of Bulgarians to: Austria - by 12.6%, Germany - by 11.0%,
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NSI: In December 2019, Industry Confidence Indicator Increased by 0.9 Percentage Points Compared to November

www.pixabay.com According to the NSI business inquiries in December2019, the industrial confidence indicator increases by 0.9 percentage points in comparison with November 2019, the National Statistical Institute (NSI) said in a press release.In October 2019, the working day adjusted Industrial Production Index increased by 1.7% in comparison with the same month of 2018 (preliminary
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Starting January 1, the Minimum Wage in Bulgaria Increases to BGN 610

www.pixabay.com The minimum wage will rise to BGN 610 from January 1, 2020. Its amount will increase by BGN 50 or 8.9% compared to this year, the government decided. The economic development, sustainable GDP growth, an increase in the number of employees and a reported increase in the national average wage contribute to the increase in the minimum wage to BGN 610. The proposed new
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NSI: The Inflation for November was 0.5%

www.pixabay.com The consumer price index in November 2019 was 100.5% compared to October 2019, i.e. the monthly inflation was 0.5%, the National Statistical Institute said in a press release. The inflation rate since the beginning of the year (November 2019 compared to December 2018) has been 3.1%, and the annual inflation in November 2019 was 3.0% compared to November 2018. The annual average
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Eurostat: Bulgarians with the Lowest Purchasing Power Standards

Actual Individual Consumption (AIC) is a measure of material welfare of households. Across the Member States in 2018, AIC per capita expressed in Purchasing Power Standards (PPS) varied from 56% of the European Union (EU) average in Bulgaria to 134% in Luxembourg. These data, published by Eurostat, the statistical office of the European Union, are based on revised purchasing power parities,
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