The Bulgarian National Bank, BNB, has lowered the macroeconomic GDP growth outlook by 0.2%, and believes that by the end of 2021 it will be 3.9%.
“In view of the postponement of the implementation of nationally-financed infrastructure projects, as well as the slower rate of absorption of funding under EU programmes during the year and the development of business indicators, during the second half of the year we are expecting companies to remain wary with regard to investment costs,” are some of the motives for the BNB’s pessimism.
The BNB is expecting the GDP growth rate to be 4.7% in 2022, and 3.8% in 2023. Inflation in 2021 is expected to reach 3.8%, though the forecast does not register the price volatility in energy.
Bulgaria's economy will grow by 2.3 per cent this year. This is according to the latest World Economic Outlook prepared by the International Monetary Fund and presented today in Washington. This is down from the Fund's April estimate, which predicted that..
In 2023, the government budget deficit was 2% of GDP or €1.9 billion. This is indicated by the final data of the National Statistical Institute. This is a significant narrowing of the budget deficit compared to the previous 3 years...
A forum entitled "Career and Life - Why in Bulgaria?", organized by the Bulgaria Wants You platform, was held at the Royal Geographical Society in London on October 20. The event, which took place for the second time, attracted significant..
In the space of 15 years, from 2005 until 2020, 75% of the farms in the country have disappeared – from 500,000 in 2005 down to 132,000 in 2020, said..
Bulgaria and India will intensify their cooperation in various sectors of mutual interest. This was discussed at a meeting of the Bulgarian Minister..
On October 31, 2024, 10 business leaders in Bulgaria founded the first Bulgarian-Czech Chamber of Commerce in the country. At the Embassy of the Czech..
Mostly Cloudy
Partly Cloudy