Bulgaria's GDP in 2020 will shrink by 7.1%, and in 2021 will return to a growth of 5.3 percent, according to the summer economic forecast of the European Commission . In May, Brussels forecast a decline in the Bulgarian economy of 7.2% for 2020 and..
Bulgaria will probably receive the first EU money to deal with the Covid-19 crisis in October, said Deputy Prime Minister Tomislav Donchev. The most acute phase of the economic crisis for us will be in the autumn. All analysts give contradictory..
The Bulgarian economy grew before the pandemic, but in 2020 it is facing its most serious contraction since the late 1990s. In the most favourable scenario with the epidemic subsiding by the summer, its production will shrink by 7.1% in 2020, and in..
Economic growth in Bulgaria has slowed in the first quarter of 2020, mainly due to weaker final consumption even before the coronavirus pandemic, which severely affected both Bulgaria and the economies of Bulgaria's main trading partner s. This is..
The economies of the 27 EU countries contracted at a record high in the first quarter of 2020 by 3.3%. Only 9 countries show a small growth. Among them is Bulgaria with a 2.4% increase in GDP compared to the same period in 2019, Eurostat reported...
The performance of Bulgaria’s banking sector has been improving for the fourth consecutive year. Credit activity is among the main factors that contributed to the economic growth in this country, which is one of the highest in the whole EU. The..
Though good and stable, economic growth in Bulgaria is insufficient for catching up with average European levels, reads the regular annual report on the state of the Bulgarian economy of the Bulgarian Academy of Sciences Economic Research Institute...
The latest research of the Institute for Marketing Economics has established that economic growth has driven apart Bulgaria’s regions even more. After the certain slowing down of this process during the economic crisis in terms of welfare, the..
An overall economic upturn in Bulgaria has been registered in 2016 and 2017, in unison with the upturn in Europe, a survey by the Institute for Market Economics reads. In 2016 economic growth reached 3.9 percent, in 2017 the official forecast..
Bulgaria is among the top 5 countries in the EU in economic growth, the Bulgarian Ministry of Economy announced, citing Eurostat data. This country is in the top 3 countries in low debt, with only Estonia and Luxembourg ahead of Bulgaria. A..
