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.
The demographic crisis in this country is advancing at a rapid rate, holding back the development of businesses, but this is a tendency observed in other countries as well. Because of their good qualifications, Bulgarian workers find work in many..
The World Bank predicts a more moderate improvement in Bulgaria's economic growth in 2024 and 2025. In its latest report "Global Economic Prospects" the institution expects a slight acceleration in Bulgaria's GDP growth from 1.8% in 2023 to 2.1% in..
Bulgaria is interested in participating as a co-shareholder in the initiative to create a "green" corridor for the transmission of "green" energy produced in Azerbaijan to Europe, caretaker Premier Dimitar Glavchev said at a meeting in Berlin with the..
IT is one of the leading sectors in terms of salary increases and interest by job seekers in Bulgaria. Before the pandemic all kinds of experts were..
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