Bulgaria's GDP growth will continue to slow down at the beginning of 2023 and will slightly decrease in the second quarter of the year, the Bulgarian National Bank (BNB) forecasts. "This will be driven by the projected decline in the economy's inventories and weaker exports of goods in view of the deteriorating global economic activity," the BNB said in its quarterly Economic Review.
At the end of 2022, inflationary pressures in the economy remained strong despite the weakening of the pro-inflationary impact of energy sources. This was due to "higher year-on-year net fiscal transfers to households and higher wages and salaries in the budget area", the analysis said.
We are moving towards the option of not having a quickly adopted budget for 2025, Lachezar Bogdanov, chief economist from the Institute for Market Economics, told BNR. In presenting the institute's alternative state budget, the..
Bulgaria and India will intensify their cooperation in various sectors of mutual interest. This was discussed at a meeting of the Bulgarian Minister of Economy Petko Nikolov with Ambassador of India to Bulgaria H.E. Sanjay Rana. The two focused..
On October 31, 2024, 10 business leaders in Bulgaria founded the first Bulgarian-Czech Chamber of Commerce in the country. At the Embassy of the Czech Republic in Sofia, in the presence of Martin Dvořák, Minister of European Affairs of the Czech..
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