Economic growth rate slows down to 3.3 percent over second quarter

During the second quarter of this year the Gross Domestic Product of Bulgaria went up by 3.3 percent compared to the same quarter of 2018, National Statistical Institute data show.

In nominal terms, during the second quarter of 2019 the country’s GDP was in excess of 14.3 billion euro, with final consumption accounting for the biggest share - 76.3 percent.

The export of commodities and services compared to the same period of 2018 is up by 3.3 percent, and imports of commodities and services – down by 5.5 percent. The positive foreign trade balance, amounting to 497 million euro, is having a positive effect on economic growth, and is 3.5 percentage points of the GDP. 

More from category

Majority of Bulgarians approve this country's membership in EU and show dissatisfaction with the way democracy functions in Bulgaria

55% of the Bulgarians are not satisfied with the way democracy is functioning in Bulgaria, but meanwhile 59% of them are satisfied with the membership of their country in the EU, data of a survey initiated by the European Parliament shows. Although..

published on 12/10/19 6:35 PM
Bulgaria's Minister of Tourism Nikolina Angelkova

Bulgaria considers strategies to increase investments in tourism

In 2020, Bulgaria’s Ministry of Tourism is planning a series of meetings with business representatives from other countries as well as joint forums aimed at promoting investments in Tourism. It became clear after the meeting of Bulgaria’s Minister of..

published on 12/10/19 5:41 PM

Twelfth-graders from China study Bulgarian in Veliko Tarnovo

The St Cyril and St. Methodius University of Veliko Tarnovo signed a contract for ten-month intensive training of Chinese pupils in the 12 th grade. The young Chinese pupils study at associated schools with the Beijing Foreign Studies University. The..

published on 12/10/19 4:59 PM