Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria reports 20 years of economic growth

The European Commission predicts acceleration of economic growth in Bulgaria to 3.3% in 2019 and 3.4% in 2020, with annual inflation of 2%. According to economists from the Bulgarian Academy of Sciences, despite the slowdown in growth, it remains above the average level for the EU countries, but among the lowest among the new member states. At a forum in Sofia, economist Krasen Stanchev said that Bulgaria's EU membership has been the longest period of economic growth for Bulgaria. For the past 20 years, Bulgaria has become 4 times richer, while incomes have increased threefold. If in 1999 the average income of the population was 23% of that in the EU, it is now 52%. Bulgaria is also the country with the largest share of foreign investments in the EU as they account for 80% of GDP, Stanchev said.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Христо Иванов

Hristo Ivanov of Yes, Bulgaria: Judicial reform went to the bin

"The judicial reform has been thrown in the bin. It is a model that shows the utter madness of concentrating so much power at the top of a repressive institution and having no control over the figure who runs it. The court has said that Bulgaria is a..

published on 7/27/24 12:02 PM

Greek fire now on Bulgarian territory

Two Bulgarian military helicopters will today help to extinguish the fire burning on the Slavyanka mountain on the border between Bulgaria and Greece.  Yesterday the forest fire in Greece reached and crossed the border. On Bulgarian territory it is a..

published on 7/27/24 10:23 AM

Bulgarian left unites for next elections

Today the Bulgarian Socialist Party (BSP) is gathering thousands of supporters of leftist ideas at its traditional festive rally under the Buzludzha peak in the Balkan Mountains to mark 133 years since the beginning of the organised socialist movement..

published on 7/27/24 9:55 AM