The economic situation in the country has stabilized in 2022. Managers in all spheres continue to expect a rise in prices in the coming three months, the latest National Statistical Institute business climate report shows.
The growth forecasts in industry are for a 2.1 point rise in July compared to June, when the rise was by 1.7 points. The unstable markets and staff shortages remain a problem in the sector. Businesses have lower expectations in construction – by 2.9 points – which eradicates the 2.1-point growth in June. The growth outlook in retail trade is up by 0.7 points, after a 1 point rise a month earlier. In the service sector, the index is the same as in June.
After the election for parliament on 27 October, the caretaker government has to submit a draft of a budget for 2025 to parliament by the end of the month. Some economic analysts say the budget of the country for 2024 is the worst in the past decade. Holes..
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...
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