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Economics Gazette

Economy and Business news

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November 20, 2019

Archives for March 2017

Unemployed Bulgarians

Unemployed Bulgarians decreased by 19% in 2016

The unemployed Bulgarians in 2016 were 247,200, of which 141,700 are men and 105,600 are women. Compared with 2015 the number of unemployed Bulgarian decreased by 19%. The unemployment rate, which is the share of unemployed in the economically active population, decreased by 1.5 percentage points compared to 2015 and reached 7.6%. For the same

Chinese industry

Chinese industry with high growth expectations

The industrial production and investments reported higher growth rates than expected at the beginning of the year, while the retail sales disappointed, according to the report of the Office of Statistics in Beijing. In January and February industrial production grows by 6.3% yoy, while over the past seven months it grew by 6%. A positive


Russia plans to increase VAT

Russia plans to increase value added tax (VAT) and reduce the amount of required contributions for employers, said Finance Minister Anton Siluanov. The current government, which will be in office for another year, promised not to change the tax rate. The next cabinet will be formed in March 2018, however, will have more freedom on

Italian industrial production

Italian industrial production fell to 5-year low

Italian industrial plants have shrunk in January their production to its lowest level in five years. The companies produced 2.3% less compared to the production in December, according to the statement of the national statistics institute Istat. The decline was three times higher than the expectations of experts, who expected slowdown of 0.8%. This is

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