The progress towards group immunity against Covid-19 and the phasing out of the restrictive pandemic measures in Bulgaria and the country’s trading partners will lead to a tangible increase in the GDP during the second and third quarter of 2021.
This is the forecast made by the Bulgarian National Bank, BNR, for the latest issue of Economic Review. The export of Bulgarian goods and services is expected to grow significantly by September, BNB says. The combined current and capital balance of the country is expected to be positive. During the second and third quarter of the year inflation will gradually pick up as a result of the upward trend in the evolution of international food and oil product prices, the analysis shows.
Housing loans in Bulgaria increased by 24.8% year-on-year, reaching BGN 22.3 billion (EUR 11.4 billion) by the end of June 2024, according to the BGNES news agency. Consumer loans also rose by 14% year-on-year compared to June 2023, reaching BGN..
Bulgaria’s real GDP growth is expected to stand at 2.1% in 2024, indicates the macroeconomic forecast of the Bulgarian National Bank (BNB) in June. Bulgaria’s real GDP growth is expected to stand at 2.1 per cent in 2024, driven by the positive..
The caretaker government has instructed Deputy PM and Minister of Finance Lyudmila Petkova to submit, by 11 September, a proposal for amending the REpowerEU chapters of the recovery and resilience plan. This is being done so as to make the..
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