Podcast in English

Bulgarian National Radio © 2022 All Rights Reserved

European Bank for Reconstruction and Development cuts its forecast for Bulgaria over low vaccination rate

Photo: archive

The European Bank for Reconstruction and Development, EBRD, is forecasting that the economy of Bulgaria will grow by 4.2% in 2021, compensating for the 4.2% drop in 2020. This means the EBRD has cut down its June forecast for a 4.5% GDP growth by December.

In its November report Regional Economic Prospects, the European Bank for Reconstruction and Development projects a GDP growth in Bulgaria of 4.4% in 2022. The projection is 0.4% higher compared to June, when the expected growth rate was 4%.

“The risks are tilted to the downside, including the low vaccination rate and ongoing political crisis," the EBRD notes.

More from category

Poultry farming remains most popular in Bulgarian animal husbandry

The number of sheep in Bulgaria has been declining. At the moment, it is about 987,000, while three years ago the number of sheep reached 1.3 million. This is shown by the statistics from the open data portal, reporter Veselina..

published on 1/16/22 10:54 AM

Bulgarian greenhouses need urgent state help

Over 70% of Bulgarian greenhouses are heated by gas and currently the industry is on the verge of collapse. Greenhouses in Bulgaria have been closing en masse since November and foreign products have been conquering the market. At the moment..

published on 1/11/22 2:15 PM

Bulgaria’s business is dissatisfied with the compensations for electricity price hikes

The price of electricity sold on the independent energy exchange has skyrocketed in recent months. In the beginning of 2022, the average price of electricity in Bulgaria amounts to EUR 131.95 per megawatt, whereas in July last year it was to..

published on 1/10/22 1:58 PM
Подкасти от БНР