Bulgaria's negative GDP of -3.9% in 2020 and the expected growth of 4% for the first quarter of 2021 show that the economic recovery is close. But there are challenges that could bring back the recession. Such are the lack of private consumption and investment, stagnation in foreign trade, lack of supplies and components from Asia and Europe, which blocks production. This was stated by Plamen Dimitrov, manager of Coface Bulgaria, during the webinar on the topic: "Is a recession expected in the Bulgarian economy?", BTA reported.
The prices of food products, services, fuels are growing at a faster pace compared to the increase in wages, according to an express study of CITUB. Since the beginning of the year, natural gas has risen in price by 158%, the increase in electricity..
Vine growers harvested high-quality grapes this year thanks to the dry summer and the rainy spring. However, wine connoisseurs will have to wait a bit more, because this year’s produce will be on the market next spring. “Fortunately,..
The World Bank has raised its forecast for the development of the Bulgarian economy in 2021. Bulgaria's annual GDP is expected to grow by 3.7%. The previous forecast was for growth at the end of 2021 by 2.6%. But the bank emphasizes that the country's..
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