Bulgaria first on economic growth in Europe!
National Statistical Institute (NSI) of Bulgaria has once again reported data on living standards in Bulgaria. The data was grafted government euphoric state, although the living standard of many Bulgarians have declined markedly. International organizations were transferred to Bulgaria in a higher category of safety when investing money.
Here’s published data:
Bulgaria’s highest economic growth in the second quarter of 2002 in Europe – 5,3% in comparison with the same period in 2002 (Economic growth in other European countries do not exceed 4%). According to NSI’s the main reason for the growth of a significant increase in investment as well as increasing the share of industry in the economy: 29,3% against 28,1% in 2001 The third reason for an increase in service sector: 60,1% against 59,9% in 2001 g. According to the NSI in the 2 quarter of Bulgaria produced goods and services 14.471 mlrd.lv (7.200 billion U.S. dollars), but in dollar terms – to $ 3,546 billion. As it happens, the dollar during this period was 4.08 levs and not 2,10 BGN, as officially. Opponents of the government review and criticize, and many other differences. I will not cover all the critical points in the statistical report, and give only the main indicators, which, I hope everything still reflects the situation in Bulgaria.
BVP for 2001 head of population 1130-1350 $ / person, or obshy BVP 8.6 -10.2 billion $, and BVP for 6 months of 2002 -836 $ / person, or $ 6.4 billion ( or for 2002 amounted to $ 12.4 billion) .. Investing in Bulgaria for 2 quarter increased by 10%, but must take into account that 70% of them in the form of investments from foreign loans, which sooner or later must be given!
Exports decreased to 2 quarter on 1,7%, while imports increased by 0,9%, ie Total losses amounted to 2,6%, which corresponds according to the NSI 1,193 mlrd.lv. Given the relationship of external and internal trade, the trade turnover of Bulgaria should be equal to 45.885 mlrd.lv. This is per person per month will correspond to 109 levs, or equal to the minimum wage in Bulgaria!?
Experts analyzing the different indicators, we find that the profitability of production in Bulgaria 200%, with world figures for light industry about 10%, while for the heavy – 3-5%. I do not know how this can be explained!
As a result, wanting to give objective data on the economic situation in Bulgaria, I have read and studied many of the Bulgarian economic newspapers. I got the impression that the various organizations are “black accounts”, which in many respects are not joined.
One thing is clear: with a significant economic growth can not and should not be observed a significant deterioration of living standards!