Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bulgaria’s GDP growth to slow down in 2016: Bulgarian Academy of Sciences

Photo: library

A report of the Bulgarian Academy of Sciences presented on Monday in Sofia forecasts that Bulgaria’s economy would slow down in 2016. The scientists expect that the growth of the gross domestic product of that country would be 1% lower as compared to 2015 due to the end of the former programming period and the slowdown of the EU funds absorption in the beginning of the new programming period. The Bulgarian labor market has been showing positive signs, employment has been increasing recently and unemployment level has been dwindling. However, the decrease of the labor force in Bulgaria due to the ongoing demographic crisis is very alarming, the authors of the report contend.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Frost is possible in the valleys and high fields, but it will be warm during the day

On Tuesday , the lowest temperatures will be between 2 and 7°C. In the valleys and high fields the temperature can drop to minus 2°C; in Sofia – about 1°C. In the morning, there will be reduced visibility along the river valleys. It..

published on 10/20/25 7:15 PM

European Public Prosecutor’s Office investigates projects in Plovdiv Municipality

The European Public Prosecutor’s Office has carried out searches in the Municipality of Plovdiv and in a company suspected of public procurement fraud related to the improvement of urban green and public spaces in the city, the EP..

published on 10/20/25 4:10 PM

GDP grows by 3.4% in 2024

In 2024, the gross domestic product of Bulgaria increased in real terms by 3.4% compared to the previous year, according to data by the National Statistical Institute, BTA reported. Gross national income at market prices last year..

published on 10/20/25 2:52 PM