[PDF] Bulgarian Economy eBook

Author : Derek C Jones
Publisher : Routledge
Page : 350 pages
File Size : 32,20 MB
Release : 2019-01-22
Category : Business & Economics
ISBN : 0429790503

GET BOOK

First published in 1997, this volume examines how Bulgaria has been an early starter, but a slow and often erratic mover in the path of stabilization and systemic transition. This book provides a most useful account of the development to date, and of the costs associated with Bulgarian strategy (or lack of), empirical analysis and theoretical reflections, especially in comparison with other transition economies. It will be of great interest to any scholar, official or businessman involved not only with Bulgaria, but more generally with post-communist countries.

Author : John A. Bristow
Publisher : Edward Elgar Publishing
Page : 272 pages
File Size : 41,11 MB
Release : 1996
Category : Business & Economics
ISBN :

GET BOOK

Bristow (economics, Trinity College, Dublin) traces economic developments in Bulgaria since the fall of Zhivkov in 1989, examining the progress of the macroeconomy, sectoral developments, international relations, reform of the banking and fiscal systems, and privatization. He focuses on the failure of the Bulgarian political system to provide momentum for reform, while acknowledging the problems of framing policy in times of economic dysfunction. Annotation copyright by Book News, Inc., Portland, OR

Author : Ivan Todorov
Publisher : Sciendo
Page : 179 pages
File Size : 10,21 MB
Release : 2018-07-31
Category :
ISBN : 9783110619201

GET BOOK

The monograph analyzes the economic growth and the business cycle of Bulgaria under a currency arrangement as well as the impact of the European Union Cohesion policy on the Bulgarian economy. Ivan Todorov, Kalina Durova, Aleksandar Aleksandrov: South-West Univ. "Neofit Rilski", Fac. of Econ., Dep. of Finance and Accounting Buy this book on degruyter.com“a href="https://www.degruyter.com/view/product/510042">https://www.degruyter.com/view/product/510042

Author : European Commission. Directorate-General for Economic and Financial Affairs
Publisher :
Page : 50 pages
File Size : 20,23 MB
Release : 2012
Category : Balance of payments
ISBN :

GET BOOK

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 : International Monetary Fund
Publisher : International Monetary Fund
Page : 133 pages
File Size : 34,86 MB
Release : 1996-02-15
Category : Business & Economics
ISBN : 1451804318

GET BOOK

This paper reviews economic developments in Bulgaria during 1990–95. In 1993, GDP continued to contract, albeit more slowly than previously. Real GDP declined by 2.4 percent owing to a drought-induced collapse in agricultural output. As consumption-driven imports rose and exports fell, the lower real GDP in 1993 was accompanied by a large current account deficit. The adoption of restrictive fiscal and incomes policies in 1994 enabled Bulgaria to retain the gains in external competitiveness acquired from the nominal depreciation.

Author : Iliana Zloch-Christy
Publisher :
Page : 242 pages
File Size : 37,88 MB
Release : 1996
Category : Business & Economics
ISBN :

GET BOOK

This book discusses the issues of economic, political and social transformation in post-1989 Bulgaria. Its main aim is to assess realities in the country in the context of changes in Eastern Europe.

Author : Robert J. McIntyre
Publisher : Burns & Oates
Page : 232 pages
File Size : 33,93 MB
Release : 1988
Category : Business & Economics
ISBN :

GET BOOK

An examination and critical evaluation of the application of Marxist doctrine to Bulgaria, assessing its interpretations, its successes and failures, covering social and economic as well as political aspects.

Author : Dimitar Vasilev
Publisher : GRIN Verlag
Page : 78 pages
File Size : 28,97 MB
Release : 2011-10-27
Category : Business & Economics
ISBN : 3656038295

GET BOOK

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 [...]