“There ought to be no excuse, for anyone, for the fact that the pace of development in this country is comparatively slow,” financier Lyubomir Datsov said for the BNR, and added that the current administration is the only one in the entire period of transition in the country to have had a 10-year term of office.
He pointed out that for seven months there has been no discussion of how the economy and public finances will be restructured after the epidemic. To make up for that, “quantitative gifts” are constantly being announced, but “we should all be aware that they are taken from our taxes, or from new loans,” Lyubomir Datsov said. In his words it is about time all long-delayed reforms were started, and the money channeled to the restructuring of the economy.
According to data from the National Statistical Institute, Bulgaria experienced a monthly inflation rate of -0.2% in May 2024 . Year-on-year inflation from May 2024 compared to December 2023 stands at 0.4%, while the average annual inflation rate for the..
The demographic crisis in this country is advancing at a rapid rate, holding back the development of businesses, but this is a tendency observed in other countries as well. Because of their good qualifications, Bulgarian workers find work in many..
The World Bank predicts a more moderate improvement in Bulgaria's economic growth in 2024 and 2025. In its latest report "Global Economic Prospects" the institution expects a slight acceleration in Bulgaria's GDP growth from 1.8% in 2023 to 2.1% in..
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