Text size

Minister of Economy: Inflation in Bulgaria decreased to below 5%

published on 1/24/24 4:33 PM

Photo: BGNES

Bulgaria expects a positive growth of the economy and of investments in 2024. GDP growth will exceed that of 2023, which is around 1.8%, and we expect it to approach 3%, Economy Minister Bogdan Bogdanov predicted in an interview for the Bulgarian National Television.

According to him, for 11 months from 2023, Bulgaria has recorded record levels of foreign investments for the last 12-15 years, namely over 3.5 billion euros.

Regarding Bulgaria's goal to enter the Eurozone on January 1, 2025, Bogdanov said that Bulgaria will continue to struggle with high inflation levels from 2023, which has currently dropped to levels below 5%. "This is the only criterion that Bulgaria has not fulfilled at the moment", he stressed.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy Eurozone inflation

More from category

Bulgaria sees higher demand than supply of jobs

Less than 100 days remain until Bulgaria joins the eurozone, and this is another reason to talk about the incomes of people in Bulgaria, about the Bulgarian economy, about foreign investments and about the domestic labour market which reacts the..

published on 9/30/25 12:26 PM

Is raising taxes inevitable if we want to fix the budget?

At the end of September, with a little over three months to go until the Rubicon in Bulgarian public finance - 1 January, 2026, when the country will officially leave the currency board and adopt the single European currency, the euro – issues..

updated on 9/26/25 1:02 PM

Rosen Zhelyazkov: Bulgaria is among the most dynamic and promising economies in Southeastern Europe

Bulgaria is among the most dynamic and promising economies in Southeastern Europe, said Prime Minister Rosen Zhelyazkov. He participated in a luncheon roundtable discussion in New York organized by the Delphi Economic Forum and the Business Council..

published on 9/26/25 11:15 AM

WEATHER

Pick city: Sofía

Overcast, rain
Min: 9 | Max: 18

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

BNB: Bulgaria posts strong FDI inflows from Netherlands, Italy, Greece; outflows led by U.S.

Foreign direct investment (FDI) in Bulgaria posted the largest net inflows from the Netherlands, Italy and Greece in the first half of 2025, the Bulgarian..

published on 11/19/25 5:41 PM

KBC Group raises its forecast for Bulgaria's economic growth in 2026

KBC Group expects the Bulgarian economy to grow slightly more next year in comparison to its previous forecasts, according to the..

published on 11/20/25 8:50 AM

Share