The Bulgarian National Bank (BNB) said that it expects Bulgaria’s economy to expand by 1.9% in 2022, revising downwards its March growth forecast of 2.1%.
The slower GDP growth will be determined by the negative contribution of net exports, which will be only partially offset by the projected increase in domestic demand, the BNB said.
BNB revised downwards Bulgaria's GDP growth forecast for 2023 from 3.9% to 1.7%. The Bulgarian National Bank revised upwards its inflation forecast for 2022 from 9.6% to 14.7%.
The deteriorating international environment, energy shortages and rising international commodity prices pose risks to the Bulgarian economy, the analysis reads.
Citizens should remain calm about the introduction of the euro in Bulgaria from January 1, 2026, as the Bulgarian National Bank and commercial banks are ready for all processes related to the currency conversion and distribution of euro banknotes. This..
Bulgaria’s Ministry of Finance has published the draft state budget in euros for 2026. The country’s GDP is projected to reach EUR 120.1 billion, with an economic growth rate of 2.7%. Planned revenues amount to EUR 51.436 billion, or 42.8% of GDP...
In 2024, 8.2% of people aged 18 or over who declared to be at work (either employed or self-employed) in the EU were at risk of poverty, according to data from Eurostat, cited by the BNR's Horizont channel. In Bulgaria, this share reached 11.8%. The..
Rain
Cloudy
Scattered showers
Overcast, rain