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The Sofia Echo (Free subscription) | 25/11/2008
Salaries in Bulgaria have outpaced labour productivity by a double margin over the past five years, a survey of the Bulgarian Industrial Association BIA showed. Pay rise in some industries like mining and hospitality outran productivity at work by 20 per cent, BIA chairperson Bozhidar Danev said.Wages in Bulgaria have grown 40 per cent over the past three years, four times faster than in the...
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Sofia News Agency (Free subscription) | 24/11/2008
The Chair of the Bulgarian Industrial Association (BIA) Bozhidar Danev said Monday the industrialists predicted the country's current account deficit would reach 24%-28% in 2009. Thus, the deficit is believed to substantially greater than the 22% envisaged by the government in its 2009 draft budge...
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International - Home (Free subscription) | 26/11/2008
The Bulgarian commerce chamber specifies that the appeal of Chair Bozhidar Danev two days ago was directed only at the state sector. We remind you that in an analysis on the situation in Bulgaria on Monday Danev appealed against the payment of Christmas additional payments and a 13th salary, because this would have a detrimental effect on our economy. This concerned only the workers in...
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The Sofia Echo (Free subscription) | 18/11/2008
A report by mass-circulation daily Trud the previous day quoted Danev as saying that many industrial plants were preparing for redundancies, and the situation was complicated further by what he described as the imminent dismissal of 1600 workers at Bulgaria's steel behemoth Kremikovtzi. Unemployment at Kremikovtzi would mean job losses in sectors such as ports and railways, Danev said....
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International - Home (Free subscription) | 24/11/2008
Two-digit unemployment values and new lay offs in a number of sectors during 2009 forecasted Bozhidar Danev - Chair of the Bulgarian commerce chamber. According to employers, a 13th salary and Christmas additional payments would only accelerate the coming of the economic crisis in Bulgaria.Inflation in 2009 will be considerably lower than the one planned in the budget, because of the reduced...
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International - Home (Free subscription) | 10/11/2008
There will be no budget surplus in 2009, according to Bozhidar Danev
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International - Home (Free subscription) | 28/10/2008
The Bulgarian commerce chamber insists that the project law for energy efficiency is not accepted.In a letter by the commerce chamber, signed by its chair Bozhidar Danev, the project law for energy efficiency has been characterized as absolutely unnecessary and retrograde. The paradox is that given the price of petrol, petrol products and heavy fuels is determined by market forces, the price...
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International - Home (Free subscription) | 20/10/2008
In 2009 the economic growth of Bulgaria will be 2% because of the global financial crisis. This is the forecast of experts from the Bulgarian commerce chamber, presented by its Chair Bojidar Danev at a press conference today.He pointed out that having in mind the deficit of purchasing power, currently observed in Europe, there is a chance that consumers from these countries will turn to cheaper...
