Fin Min Sees 1.8% GDP Growth in 2013

Fin Min Sees 1.8% GDP Growth in 2013

The finance ministry targets 1.8% economic growth next year, the Bulgarian News Agency, BTA, reported.

Despite all gloomy forecasts, the 1.4% growth target for this year is being achieved, BTA quoted finance minister Simeon Dyankov as saying on Monday.

Dyankov also said that the government does not plan to hike excise duty, or any taxes.

There will be some "good news" for pensioners "very soon", Dyankov said. "We have been observing very strict fiscal discipline for three years and the time has come for increasing incomes," he added. The government has still not decided whether the increase will be a flat rate for all or the lowest pension will get the biggest increase.

Dyankov also said that later in the year two large global companies will announce plans to move their production to Bulgaria. He did not elaborate.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.