More than 150 thousand Bulgarians living abroad returned home between 2014 and 2023. In the same period, almost 220 thousand chose to migrate abroad. According to the National Statistical Institute, in 10 years, 68 thousand people have left the country..
The construction sector in Bulgaria marked a growth rate of 3.7% in March on a yearly basis, in February this percentage was 4.2. Bulgaria ranks third in the EU in growth rate in construction in March 2024, with only Belgium (7.3%) and Italy..
A World Bank report on public finances in Bulgaria points out the need to improve VAT collection. It also states that greater efficiency is needed in public procurement, spending on education and helping the vulnerable groups...
The forecast for 2% growth of the economy is being preserved, Minister of Economy and Industry Bogdan Bogdanov said in Varna. It is expected that the level of investment interest in Bulgaria will also be kept. Of course, we take..
The economic situation in Bulgaria calmed down at the end of 2023 after the uncertainty during the year, caused by the political situation and the lack of a budget until the end of July. This is what Lachezar Bogdanov, Chief Economist at the Institute..
One of the biggest changes in the Bulgarian economy following the 2008 world economic crisis is that export-oriented industries have become the motor of economic growth in the country. A large portion of the investments made in this country are..
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%..
A stable ski season, despite the unusually warm winter, is marked by the ski resort of Pamporovo in the Rhodope Mountains, BTA reports. Most of the tourists are Bulgarians. Of the foreign groups, the trend is a steady flow of English and Irish tourists ...
In its winter economic forecast, the European Commission gives a better economic outlook for Bulgaria than it did in its autumn report. Overall, real GDP is estimated to have increased by 3.9% in 2022, instead of the expected 3.1%. In 2023, real..
Moody’s credit ratings agency has affirmed the long-term foreign and local currency sovereign credit ratings on Bulgaria at ‘Baa1’ with a stable outlook , the Ministry of Finance announced. According to the agency, the country can still..
