The war in Ukraine is putting the world economy to the test, and UN experts are presenting an outlook for 2023 with the slowest growth rate in a decade.
For Bulgaria the outlook is for a slowdown of growth from the expected 3% for 2022 down to 1.5% for 2023. This is an index which places Bulgaria among the best-performing countries in the EU, because the projected growth rate for the entire union is 0.2% in 2023. In 2024, the growth of the Bulgarian economy is expected to pick up, reaching 3%. Inflation in Bulgaria is expected to slow down from the expected 14% in 2022 to 7.5% in 2023, and to 3.2% in 2024. The labour market remains stable. According to UN estimates, in 2022 unemployment stood at 5.3%, and will reach 4.3% in 2023.
Bulgaria’s state budget for 2025 does not add up. “The genie is out of the bottle – the state has never spent at such a pace,” warn financial experts. With only a few months left in the year, and despite the strenuous efforts of institutions such as the..
Bulgaria’s state gas supplier Bulgartransgaz has been “decapitalised” by a contract with Turkish company Botaş, Energy Minister Zhecho Stankov warned on Thursday, saying the deal could also threaten gas supplies to local district heating companies...
In the second quarter of the year, the average salary increased by 12% year over year, reaching €1,315.04. Borislav Gutsanov, the Minister of Labor and Social Policy, announced this information after today's meeting of the National Council for..
Bulgaria’s state budget for 2025 does not add up. “The genie is out of the bottle – the state has never spent at such a pace,” warn financial experts...
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