Bulgaria’s gross domestic product is to decrease by 4% in 2020 and then regain ground with 4.1% growth in 2021, the International Monetary Fund forecasts in its latest World Economic Outlook report.
There is a 60% probability that the decline in Bulgaria’s GDP in 2020 will be between 3.2% and 8%. The decline will most likely be 5.5%, the macroeconomic forecast of the Bulgarian National Bank reads. Forecasts are more likely to be made by astrologists than economists, because in the middle of October it is not clear yet what restrictions may be introduced because of the coronavirus pandemic, Professor Boyan Durankev commented for BNR. Consumption in Bulgaria declined by 3% on an annual basis, Boyan Durankev pointed out. Professor Durankev expects difficult winter for the country and restrictions on government spending.
With the introduction of the euro on January 1, Bulgaria will benefit from the stability, liquidity and all the advantages of the common currency, European Central Bank President Christine Lagarde said in an interview with public service..
The Ministry of Innovation and Growth has presented the country’s first interactive investment map . The platform aims to provide Bulgarian and foreign investors with useful and up-to-date information in one place, making it easier for them to make..
The Bulgarian state-owed natural gas supplier Bulgargaz has proposed that the price of natural gas for November increases by around 8% to nearly 66 BGN per megawatt-hour, excluding fees and taxes, reported BNR's journalist Yuliana Kornazheva. The..
With the introduction of the euro on January 1, Bulgaria will benefit from the stability, liquidity and all the advantages of the common currency,..
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