The European Commission has revised its expectations for economic growth in Bulgaria this year. Brussels' summer economic forecast, published on Wednesday, there are expectations for economic growth of 4.6% in 2021 and 4.1% next year. In its spring..
S&P Global Ratings has reaffirmed its long and short-term foreign and local currency sovereign credit ratings on Bulgaria at BBB/A2-, and kept a stable outlook. The slow pace of vaccine rollout and the potential new outbreak of Covid-19..
The Bulgarian economy grew in the first quarter of 2021 by 2.5% compared to the last quarter of 2020 , when a growth of 2.2% was also registered, the National Statistical Institute has announced. Bulgaria's GDP still remains 1.8 percent lower,..
"In the economy we have a momentum in trends. It does not succumb so easily and quickly to political changes," former Deputy Prime Minister Prof. Daniela Bobeva, an economist and financier, told BNR in response to a question about whether there is a..
Today, the Economic and Public Policies Council will present a Strategy for long-term accelerated growth and competitiveness of Bulgaria. The strategy offers a long-term vision for the economic development of the country. Emphasis in the strategy..
Bulgaria's negative GDP of -3.9% in 2020 and the expected growth of 4% for the first quarter of 2021 show that the economic recovery is close. But there are challenges that could bring back the recession. Such are the lack of private consumption and..
Bulgaria is not at risk of a debt crisis as a result of its consistent, conservative policy, said Kristalina Georgieva, managing director of the International Monetary Fund , in response to a question from Bloomberg TV Bulgaria during a press conference..
The current condition of the global economy is not as bad as projections showed several months ago, but the Covid-19 crisis has not been overcome yet, Managing Director of the International Monetary Fund Kristalina Georgieva said in an..
The money earmarked by the EU for measures to address the Covid-19 crisis should drive economic growth, create new jobs and be distributed fairly and reasonably. These funds alone are not a panacea, Bulgaria’s Vice-President Iliana Yotova said at the..
If there is no second wave of Covid-19, the crisis for the Bulgarian economy will be averagely deep, lasting from 2 to 3 quarters . The annual decline will be from 5 to 7%. The recovery will continue throughout 2021, at the end of which pre-crisis..
