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.
The Organisation for Economic Co-operation and Development (OECD) forecasts an acceleration in Bulgaria's economic growth from 1.8% in 2023 to 2.5% in 2024 and to 2.9% in 2025 as public investment increases along with EU funds. OECD expects inflation..
MPs have agreed to extend the 0% VAT on bread and flour, which was due to expire on June 30, until the end of 2024. Under the GERB proposal, traders will be allowed to add a maximum of 15% profit margin on bread, but the proposal is limited to the most..
Bulgargaz expects the price of natural gas next month to be 5 to 6% lower as compared to April. During an open meeting at the Energy and Water Regulatory Commission, the initially proposed price of EUR29.12 per megawatt-hour was reduced to EUR28.36. The..
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