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.
Bulgarian National Bank (BNB) Governor Dimitar Radev has met with EU ambassadors and discussed the country's upcoming accession to the eurozone , the BNB announced. The meeting was held in Sofia at the invitation of Hungarian..
With a growth of 2.2 percent, Bulgaria is among the top 6 countries in the EU, Caretaker Minister of Economy Petko Nikolov reported during the ceremony of presenting the annual awards of the Bulgarian Chamber of Commerce and Industry..
Urgent reform of Bulgaria's planning districts is needed, local authorities insist.The current regionalization shows increasing economic imbalances in terms of EU grant assistance. The problem is particularly severe in the Southwestern region, which..
Without compensation for the price of electricity, companies will be uncompetitive, said Vasil Velev of the Bulgarian Industrial Capital Association..
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