GDP growth in Bulgaria will be 1.9% in 2023, slowing to half the 3.9% rate in 2022. Domestic demand and net exports will contribute to growth. Annual inflation will be 6.1 per cent. These are the expectations of analysts at the Bulgarian National Bank..
The international rating agency "Standard & Poor's" revised the outlook for Bulgaria's credit rating to positive from stable, confirming Bulgaria’s long-term and short-term credit rating in foreign and local currency at 'BBB/A-2'. the..
The government approved the draft budget of Bulgaria for 2024 and the updated budget forecast for the period 2024-2026. The draft law foresees a deficit of 3% and economic growth of 3.2% . Average annual inflation is expected to be 4.8 per cent and..
GERB and the Movement for Rights and Freedoms have presented conditions to Finance Minister Assen Vassilev and “We Continue Change – Democratic Bulgaria” coalition, after which they would support amendments to tax laws in the second..
Finance Minister Assen Vassilev is proposing to limit cash payments to BGN 5,000 (just over EUR 2.5,000), instead of the current BGN 10,000 (just over EUR 5,000) , in order to combat the shadow economy. However, his idea was not supported in Parliament,..
Sixteen major economic centres stand out in Bulgaria, covering a total of 132 municipalities. Nearly 80% of the country's economic activity is concentrated within them, indicate data of the latest study by the Institute for Market Economics. In 2018,..
The campaign for shopping at bargain prices, known as Black Friday, has been growing more and more popular in Bulgaria. By planning carefully and keeping abreast of the offers, consumers are able to purchase products at exceptional prices, say the..
More than 54% of companies are moderately optimistic about a better 2024. By comparison, a year earlier, 41% were optimistic about 2023. These are the results for Bulgaria of the Eurochambres Economic Survey 2024, conducted in partnership with the..
Economic growth in Bulgaria is expected to slow down in 2023 , according to the autumn economic forecast of the European Commission. After the good performance in 2022, exports will shrink this year due to reduced external demand. The imports for..
The country's gross domestic product growth slowed on an annual basis in the third quarter of 2023 , while the quarterly growth rate was maintained, data from the National Statistical Institute showed. In the third quarter, GDP grew by 1.7%..
In a previous publication Radio Bulgaria offered an overview of the conditions and grounds for acquiring Bulgarian citizenship . In the following lines..
The 30-day election campaign in Bulgaria begins at midnight on 10 May – the 6 th campaign for national parliament in the space of three and a half..
The boys from the vocal formation Svetoglas are representing Bulgaria this year at one of the biggest and most prestigious vocal festivals in the world..
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