In 2023, Bulgaria's GDP growth was 1.9% higher in real terms compared to 2022. This is 0.1 percent more than the initially announced growth of 1.8%, the National Statistical Institute has reported.
The chairman of the institute, Atanas Atanasov, explained that the change comes after the revision of all data for five years and this is done regularly in all EU countries. The next benchmark revision will be in 2029. According to preliminary data published on March 8, 2024, GDP was obtained only as a sum of quarterly data, Dr. Svilen Kolev, vice-president of the institute pointed out. In 2023, GDP was over 93.6 billion euros. According to the updated data, GDP increased by more than 753 million euros.
Bulgaria is making good progress toward joining the Eurozone, as inflation is decreasing towards the threshold set by the criteria, European Bank for Reconstruction and Development President Odile Renaud-Basso said in an interview with BTA. The..
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..
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