The Bulgarian National Bank - BNB has made a forecast for inflation and economic growth that is significantly gloomier than that of the Ministry of Finance. According to the BNB, inflation will continue to be high and at the end of 2022 it will reach 7.5%. Expectations in the draft budget of the ruling coalition are for 5.6%.
During the year, economic growth will slow to 3.6%, according to the BNB, while the Ministry of Finance expects GDP growth of 4.8%.
The BNB forecast is based on the assumption that oil, natural gas and electricity prices would continue to rise on an annual basis until the end of the third quarter of 2022. After that there would be a decline until the end of 2023.
A Taiwanese technology giant is negotiating to build a large production facility on the territory of the Trakia Economic Zone near Plovdiv, announced caretaker Minister of Innovation and Growth Rosen Karadimov. He was briefed with the progress of the..
A Japanese-Bulgarian business forum is being held in Sofia, organized jointly by the Japan External Trade Organization (JETRO ) and the Bulgaria Invest Agency . "I am leading a delegation of a hundred people, a fact that speaks volumes about..
EU energy ministers are meeting in Luxembourg to discuss the energy sector's contribution to the EU's competitiveness, wholesale electricity prices and winter preparedness. At the request of Greece, supported by Bulgaria, Romania and Croatia,..
Partly Cloudy
Clear