Productivity and Competitiveness of Bulgarian Industries

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Presentation transcript:

Productivity and Competitiveness of Bulgarian Industries Tsvetan Tsalinski, Economic Research and Projections Directorate Bulgarian National Bank

The Concern Sustainability of the Fixed Exchange Rate Regime Credibility of Policies REER Issue of Currency and Sources of Foreign Reserves: Exports and Income FDI Debt

Exports and Competitiveness Quality Cost Market Share

Cost Competitiveness Productivity Wages ULC nominal: real:

Wage levels by sector, 2003, BGN per annum

Investment by sector, BGN million, prices of 2002

Investment by sector, manufacturing, BGN million, prices of 2002

Employment growth by sector 1999-2003, %

Output growth by sector, 1999-2003, %

Manufacturing sales growth by sector, 1999-2003, %

Contribution of export and domestic sales growth, 2000-2003, percentage points

Bulgarian exports to the EU

Economy-wide ULC

ULC by sector

ULC in Manufacturing