Tag: Bulgaria

Bulgaria central bank revises up its GDP forecast to 5.5% decrease

SOFIA, Oct 13 (Reuters) – Bulgaria’s central bank said on Tuesday the impact of the coronavirus on the Bulgarian economy this year would be less harsh than initially expected and revised its GDP forecast to a contraction of 5.5% from a previously expected decline of 8.5%.

The bank said the slower contraction this year and expected more moderate demand for Bulgarian exports over the next two years will slow the rate of the economic recovery. It cut its forecast of GDP growth in 2021 to 4% from a previous forecast of 5.1%.

The central bank sees the Balkan country returning to its 2019 growth level by the middle of 2022.

“Compared to our previous forecast based on data up to June 22, the real GDP is expected to mark a lower decline in 2020 and economic activity to register weaker growth in 2021–2022,” it said in a statement.

The central

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A1 Bulgaria launches ‘SAP Business One’ ERP platform

A1 Bulgaria started offering SAP Business One , a complete ERP (enterprise resource planning) platform designed by SAP specifically for small and medium-sized businesses. The system supports the management, automation and optimisation of key business activities in each organisation. Among the processes that can be managed with the platform are: accounting and finance, procurement, warehouse management, customer relationship management (CRM), sales and service, production and planning, project management and others. 

A1 offers Software as a Service with a monthly subscription, saving companies the initial investment for licences, server infrastructure and implementation consulting services. The ability to reschedule all components of the service provides flexibility and confidence to customers that the system is protected and maintained professionally in a certified data centre of A1 Bulgaria in Sofia. The software is localised, meets the requirements of Bulgarian legislation and is translated into Bulgarian. 

With SAP Business One from A1, company managers have

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