European Commission raises Bulgarian GDP growth forecast for 2019

Photo: library

Economic growth in Bulgaria would slow down over the next 2 years, but would remain close to its potential, according to the European Commission's autumn report. Brussels expects a moderate pace of Bulgarian exports, a fall in inflation, budget surplus and a continuing decline in public debt. The European Commission has raised its forecast for the growth of Bulgarian GDP in 2019 by 0.3% to 3.6%. For 2020, a sharp slowdown in growth to the level of 3.0% is expected. The Commission's estimates differ from the expectations of the Bulgarian Ministry of Finance. Sofia has projected GDP growth of 3.4 per cent in 2019 and 3.3 per cent in 2020.

More from category

Ekaterina Zaharieva

Minister Ekaterina Zaharieva: I do not think NATO is experiencing “brain death"

We should be talking more about the things that unite us than about the things that divide us, said Bulgarian Deputy Prime Minister and Minister of Foreign affairs Ekaterina Zaharieva before the NATO foreign ministers' meeting in Brussels...

published on 11/20/19 5:00 PM

Bulgarian state wants money back from illegal property swaps

The Ministry of Agriculture, Food and Forestry is demanding back, by letter, from the recipients, the overpayments from exchange deals of private for state-owned land over the 2007-2009 period. Unlawful state aid for the beneficiaries has been..

published on 11/20/19 4:19 PM

Bulgaria joins European single market in electricity

Bulgaria’s electricity market has joined the European single “intraday” market. The Bulgaria-Romania cross-border connection is by implicit auctions for cross-border allocation of capacity and energy. Bulgaria is part of the second enlargement..

published on 11/20/19 3:28 PM