Bulgaria’s gross domestic product will grow by 4.5% this year and by 4% in 2022, stronger than previously expected, indicates the June forecast of the European Bank for Reconstruction and Development, reported BGNES. In 2020, which was marked by the coronavirus pandemic, this country’s economy contracted by 4.2%. In the previous issue of the report in October last year, EBRD projected that Bulgaria’s GDP would grow by 3% in 2021.
In 2020, the Bulgarian economy contracted due to the weak performance of exports and investments, which decreased by 11.3% and 5.1%, respectively. Meanwhile, Bulgaria reports good levels of domestic consumption, unlike other countries in the region. This is mainly due to the milder containment measures and robust wage growth throughout the year.
In the second quarter of the year, the average salary increased by 12% year over year, reaching €1,315.04. Borislav Gutsanov, the Minister of Labor and Social Policy, announced this information after today's meeting of the National Council for..
As of August 8, 2025, the mandatory indication of prices for all goods and services in Bulgaria in two currencies – in Bulgarian leva and in euros – has been in effect. This obligation will remain valid for traders for a period of one year – until..
As of January 1, 2026, the minimum monthly wage should be 1,213 BGN (EUR 620.2), up from the current 1,077 BGN (EUR 550.66), said Luboslav Kostov, Chief Economist at the Confederation of Independent Trade Unions in Bulgaria (CITUB), in an interview..
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