The International Monetary Fund (IMF) has raised the forecast for Bulgaria’s economy growth in 2023, according to the institution's autumn report. In 2023, the Bulgarian GDP will be 1.7%, which is 0.3 percent more in comparison to estimates in the spring report. For 2024, the IMF expects the country's GDP to grow by 3.2 percent, instead of the 3.5 percent forecast in April. The inflation forecast is high. In 2023, it is expected hat inflation would reach 8.5 percent, as the forecast in the spring was 7.5 percent.
Bulgarian business is pessimistic about the prospects in 2024. A survey of the Bulgarian Industrial Capital Association among its members indicates that 80% expect sales to decrease or remain at the level of 2023. 43% expect lower financial income and just 25% are optimistic about better profits and are planning bigger investments. 4/5 of the surveyed entrepreneurs expect exports to decline or remain unchanged.
A number of institutions – the Ministry of Labor and Social Policy, the Employment Agency, the Executive Agency for Bulgarians Abroad and the Ministry of Interior, as well as members of parliament, have made a clear commitment – to..
Bulgarians working abroad sent over EUR 420 million to their relatives during the first quarter of 2025. This amount is EUR 66 million higher than in the same period of 2025. The largest sum was sent by the Bulgarian diaspora in the United States,..
The positive convergence report will have a positive impact on people's standard of living and purchasing power, as well as on the country’s business environment, Bulgaria’s Minister of Economy Petar Dilov said in an interview with public service..
Bulgarians working abroad sent over EUR 420 million to their relatives during the first quarter of 2025. This amount is EUR 66 million higher than in..
A number of institutions – the Ministry of Labor and Social Policy, the Employment Agency, the Executive Agency for Bulgarians Abroad..
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