BULGARIAN ECONOMY
Quarterly labour cost index second quarter of 2013
Preliminary data of National Statistical Institute for the second quarter of 2013 indicated that the total hourly labour cost rose by 3.4% compared to the second quarter of 2012. The total hourly labour cost grew by 3.8% in industry and by 1.8% in services. In construction the total hourly labour costs rose by 4.9%.
The breakdown by economic activities showed that the highest annual growths in total labour costs were recorded in ‘Education’ - 9.3%, ‘Accommodation and food service activities’ - 9.1% and ‘Public administration and defence; compulsory social security’ - 8.0%. The highest decrease in total labour costs was observed in ‘Arts, entertainment and recreation’ by 10.0% and ‘Real estate activities’ by 5.6%.
In the structure of the total labour costs, the wages and salaries costs per hour worked grew by 3.2% in comparison with a year earlier, while the other (non-wage) costs rose by 4.7%. Among the economic activities in the second quarter of 2013 compared to the second quarter of 2012 the growth rate of wages and salaries component ranged from (-11.6%) in ‘Arts, entertainment and recreation’ to 9.5% in ‘Education’.
NEWS FROM BCCI
Sofia and Belgrade to become the first Balkan capitals connected by a motorway, suggested BCCI’s President
Both parties implement joint projects together, commence new initiatives of European significance
ОщеBCCI hosted the Bulgarian-Chinese Business Forum
There is potential for expanding the Bulgarian exports of pharmaceutical and medical products to China
ОщеMeeting of the Presidents of the Bulgarian and the Ukrainian Chambers of Commerce and Industry
The Ukrainian Chamber explores the experience and the achievements of BCCI in regard to the voluntary Unified Trade Register and the activities of the arbitration
ОщеThe newly appointed Commercial Counselor of Romania visited BCCI
Business information exchange and assistance to companies for developing partnership will be on focus in the bilateral initiatives
Още
UPCOMING EVENTS
Invitation for lauching conference on the programme "Energy Efficiency and Renewable Energy"
Celebration of the European Cooperation Day 2013 - medieval festival at the Baba Vida Castle
BULGARIAN ECONOMY
Quarterly labour cost index second quarter of 2013
The total hourly labour cost rose by 3.4% compared to the second quarter of 2012
ОщеMinistry of finance: We are expecting by the end of the month the European Commission to react on our request for maintaining the reduced excise duty rate on natural gas used as fuel
There are several EU Member States applying such a reduced excise duty rate among which Italy, Portugal and Belgium
ОщеBulgaria 49th out of 151 Countries in World Economic Freedom Ranking
The report presents the situation in 2011 – the last year for which official data is available for all countries
ОщеBulgaria with 50% increase of the serviced aircrafts over a 10-year period
At the same time the air navigation fees have been decreased
Още
INVESTMENT NEWS
French Montupet increases production in Bulgaria by 50%
The new investment in the Ruse plant will create another 300 workplaces
ОщеPetroceltic increases natural gas production from Bulgarian fields
This is possible due to the new subsea well at “Kaliakra” field that has been just tied to the pump facility
Още
