The European Bank for Reconstruction and Development has raised its forecasts for the economic growth of Bulgaria in 2023 and 2024, as well as for the region of Southeast Europe. The growth of the Bulgarian economy is expected to be 1.3% for 2023 and 2.9% for 2024. This is 0.3 percent more compared to previous forecasts. The region's growth is expected to reach 2.3% in 2023 and 3% in 2024.
The European Commission also raised its expectations for the economic growth of Bulgaria, but also raised the forecast for annual inflation. According to the spring macroeconomic forecast of the commission, Bulgaria will mark a 1.5% GDP growth by the end of the year. In the winter forecast, growth was 1.4%.
The reason for the positive correction is that Europe has coped better than expected with the consequences of the war in Ukraine. Bulgaria's modest growth is due to the fact that last year's export boom will not be repeated in 2023 due to weakened external demand.
Bulgaria's Ministry of Transport has been working for years to develop Corridor No. 8, connecting the Adriatic with the Black Sea through Albania, North Macedonia and Bulgaria. Of the 1,220 km of railway line along the corridor, 747 km are on the..
A little less than a month ago, Minister of Finance Temenuzhka Petkova presented, in Brussels, the headway Bulgaria has made along the road to joining the Eurozone. There, she stated that with its prudent fiscal policy, the country had earned its..
From March 9 to 11, 2025, Inter Expo Center in Sofia plays host to the 41st edition of Holiday & SPA Expo. The event, organized with the support of the Bulgarian Ministry of Tourism, traditionally becomes a meeting point for leading experts,..
The liberalization of the electricity market for household consumers and their entering the free electricity market, something companies did years..
Bulgaria's main trading partners are Germany, Romania, Italy, Greece and France, which account for 62.5% of exports to EU Member..
sunshine, cloud, rain and thunder
Partly cloudy, chance of rain
Partly Cloudy
Mostly Cloudy