The economic crisis in Bulgaria is deepening, and the country is among the countries of Southeastern Europe which is spending the most due to the coronavirus. That is why its economic recovery is expected to be slower and more difficult after the predicted shrinkage of its GDP.
In 2020 the growth of the Bulgarian economy is expected to shrink by around 7%, and unemployment – to exceed 10%. This is indicated by the annual “Bulgaria in figures” edition of the Bulgarian Chamber of Commerce and Industry (BCCI) with data about the country’s economic indicators in 2019 compared to 27 international rankings.
Bulgaria is improving its position – from 77th to 71st place – in “absence of corruption” but is declining in “rule of law”, “prosperity” and “conditions for doing business”, the document reads.
There are no plans for the privatization of the Vazovski Machine-Building Plants (VMZ) in Sopot, and the information circulating in this regard is speculative, said Bulgaria’s Minister of Economy and Industry Petar Dilov at a working meeting..
In 2024, the real estate market in Bulgaria registered a significant rise, with prices increasing by around 16%, and the number of real estate transactions going up as well. Real estate prices along the Black Sea coast have continued to grow,..
The real estate market in Bulgaria has steadily been growing in the past few years. There has been talk of a price bubble, inflated to serious proportions at the time of the pandemic, though expectations that it is going to burst have come to nothing...
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