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Business Support Centre for Small and Medium Enterprises

NSI: The Turnover Index in the ‘Information and Communication’ Section Grew by 2.3%

www.pixabay.com The turnover indices in services cover the activities included in sections ‘Transportation, storage and post’, ‘Information and communication’ and ‘Other business services’, the National Statistical Institute (NSI) said in a press release. According to the preliminary data in the fourth quarter of 2019 total turnover index in section ‘Transportation, storage
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Fitch Ratings Agency Re-Affirmed Bulgaria's Credit Rating

econ/BGNES Fitch Ratings re-affirmed Bulgaria's sovereign long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘BBB’, with a positive outlook. The agency emphasized that Bulgaria's economy will grow by 3.3% in this and next year. “It is Bulgaria´s highest current account surplus on record and the highest in the ‘BBB’ and ‘A’ [rating] categories,” Fitch
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Bulgaria is among the EU Countries with the Worst Rail Transport

www.pixabay.com Traveling by train in Bulgaria is not like walking in the park at all, according to an Euronews publication on European rail transport entitled 'A world of train': Where in Europe is rail travel a nightmare? From France's high-speed TGVs to Moldova's Soviet-era services with wooden benches, Europe's train network is a patchwork of varying standards. "It's particularly
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EUR 3.7 Billion is the Revenue from International Tourism in Bulgaria in 2019

www.pixabay.com 3.7 billion euros are the revenues from international tourism for 2019 in Bulgaria, according to the data of the Bulgarian National Bank, announced today. The results show an increase of 0.4% compared to 2018. In December 2019 alone, revenues from foreign tourists exceed € 165 million, an increase of 10 percent over the last month of 2018, according to the central
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1,302.5 Thousand Bulgarians Made Tourism Trips in Q4 of 2019

www.pixabay.com In the fourth quarter of 2019, 1,302.5 thousand Bulgarian residents made tourism trips, the National Statistical Institute said in a press release. The majority (81.1%) of them travelled only in the country, 17.1% - only abroad and 1.8% - both in the country and abroad. Compared to the same quarter of 2018, the total number of the travellers aged 15 and over increased
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NSI: Total Average Income per Household Member in Q4 2019 was BGN 1,770

www.pixabay.com The total income average per household member during the fourth quarter of 2019 was BGN 1,770, a 13.7% increase compared to the same quarter of 2018, the National Statistical Institute said in a press release.The highest relative share was the income from wages and salaries (56.2%). The relative share of income from pensions was 27.3%, from self-employment - 6.4%.
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Gulf Times: Qatar Airways signs Joint Flight Agreement with Bulgaria Air

www.pixabay.com Qatar Airways has signed a codeshare agreement with Bulgaria Air and the first codeshare flights will operate on March 2, the national airline said on Tuesday. This was reported by the Qatari English-language Gulf Times. The agreement will provide Bulgaria Air passengers with a “seamless connection” to destinations in Africa, Asia and the Middle East. Qatar Airways’
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NSI: The Number of Employees under Labour Contract is Decreasing

www.pixabay.com According to the preliminary data of the National Statistical Institute (NSI), the number of employees under labour contract at the end of December 2019 decreased by 23.7 thousand or by 1.0% as compared to the end of September 2019, reaching 2.29 million. The highest decrease was observed in economic activities: ‘Accommodation and food service - 11.1%, ‘Agriculture,
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The European Commission Lowers Bulgaria's 2020 GDP Growth Forecast

www.pixabay.com Bulgaria's economy will continue to grow at a moderate pace in 2020 and 2021, but it will be marked by a significant slowdown. The main reason will be the weakening internal consumption, which is the main engine of the economy, and investment will not offset this process. This is stated in the European Commission's winter forecast for the European
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Mariana Nikolova: The UAE is an Important Foreign Trade Partner of Bulgaria

www.gov.bg "The United Arab Emirates is an important and promising foreign trade partner of Bulgaria among the Gulf countries," said Deputy Prime Minister for Economic and Demographic Policy Mariana Nikolova, quoted by the Council of Ministers' press service. Nikolova met with UAE Economy Minister Sultan bin Saeed Al Mansoori in Dubai. During the talks, she expressed hope that bilateral
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