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.
Bulgaria has the opportunity to reap the full benefits of eurozone membership , but this will require stronger fiscal discipline, effective management of transition risks, and accelerated structural reforms , the International Monetary Fund (IMF)..
In mid-September, the traditionally great Christian feast of the Holy Cross (September 14) marks the beginning of one of the most anticipated agricultural processes – the grape harvest campaign. 2025 is no exception, but due to a number of factors, the..
Bulgaria's Ministry of Finance placed 7-year government securities on the domestic market for 300 million leva. (144 million euros) and an interest rate of 3.25%. The submitted purchase orders amounted to 446 million leva with a coverage ratio of 1.49...
The two largest trade unions in Bulgaria - the Confederation of Independent Trade Unions in Bulgaria and the Confederation of Trade Unions "Podkrepa" -..
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