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Bulgaria: Private Households Not to Increase Consumption
According to UniCredit Bulbank, the consumer behavior will remain rather cautious this year.
Bulgaria: Private Households Not to Increase Consumption / Picture: © Vindobona.org
Due to the stagnation of real incomes, the high unemployment rate and the low pensions, consumption will not increase this year. Although the interest level on bank deposits is expected to go down further, Bulgarians tend to increase their savings, UniCredit Bulbank says. Compared to 2012, the savings growth will be lower this year. In the first ten months of 2012, saving deposits were…
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