Contents 
Executive Summary....................................................................................3 
Economic Review........................................................................................4 
GDP 4 
Exchange Rate 8 
Inflation 9 
Labour Market 10 
Fiscal Economics 11 
Balance of Payments & Current Account Balance 13 
External Debt 15 
Monetary Policy and the Banking sector ............................................. 16 
Latest Developments 17 
APPENDIX TABLES................................................................................. 19 
BULGARIAN AMERICAN CREDIT BANK AD...................................... 22 
FIRST INVESTMENT BANK AD.............................................................. 31 
ESN Recommendation System............................................................. 41 
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