Bulgaria’s real GDP growth is expected to stand at 2.1% in 2024, indicates the macroeconomic forecast of the Bulgarian National Bank (BNB) in June. Bulgaria’s real GDP growth is expected to stand at 2.1 per cent in 2024, driven by the positive contribution of domestic demand, while net exports and changes in inventories are expected to make a negative contribution. Real GDP growth is projected to accelerate to 3.2 per cent in 2025 before moderating to 2.9 per cent in 2026, with this dynamics being largely driven by the set profile of public investment and related imports. The BNB’s forecast from March projected an economic growth for this year of 2.2%, and 3.4% for next year. The main drivers for the revision in the GDP forecast and its main components are related to incoming additional reporting data on economic activity in the first quarter of 2024 and in April–May 2024. According to the technical assumptions, the growth of external demand for Bulgarian goods and services in 2024 will be lower than projected in the March 2024 macroeconomic forecast.
The financial situation in the country is critical, Finance Minister Temenuzhka Petkova says. Which means that the good news – the slowing inflation rate (on an annual basis) and Bulgaria’s full accession to the Schengen area at the beginning of the..
Moody's Ratings has affirmed Bulgaria's long-term and short-term rating at Baa1 with a stable outlook. The affirmation of Bulgaria's Baa1 rating reflects the rating agency's expectations that Bulgaria's debt and creditworthiness indicators will remain..
On January 27th, government securities for 150 million euros (300 million leva) will be offered on the domestic market , the Bulgarian National Bank (BNB) announced. The bonds will have a maturity of 7 years and an annual interest rate of 3.25%. On..
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