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.

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