The European Commission has announced it is lowering its growth forecast for the Bulgarian economy in 2018 from 3.8 to 3.5 percent because of weaker export performance, but that nonetheless, the growth rate continues considerably above the EU average of 2.1 percent.
Inflation projections for this year are raised from 2 to 2.6 percent, but are lowered for 2019 and 2020 down to 2 and 1.8 percent respectively. The GDP is expected to continue to grow steadily in 2019 and 2020, by 3.7 and 3.6 percent respectively.
It is 30 years today since the historic visit to Bulgaria by French President Francois Mitterrand which gave an impetus to the democratic processes in the country. During his visit in January 1989, President Mitterrand invited 12..
Forty-three people have been detained in Sofia and six other towns in an operation by the specialized prosecutor’s office, the State Agency for National Security and the General Directorate for Combatting Organized Crime. The..
Bulgaria’s balance of trade until November 2018 is negative, and stands at 167.2 million euro, with a deficit of 119.5 million euro for November 2017, the Bulgarian National Bank says. In the January-November 2018 period, the trade..