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.
In March inflation in Bulgaria hit a fourteen-year peak of 12%, data of the National Statistical Institute show. In one month only, consumer prices increased with 2.2%, transport costs rose by 7.9% and food prices went up by 3.3%. The price of..
“92% of the Gas Interconnector Greece-Bulgaria, ICGB, is ready. The interconnector will be ready by the end of June, and will be tested with gas as of July,” Teodora Georgieva, Bulgarian Executive Officer of the company ICGB which is constructing..
Natural gas is being used as a political and economic weapon, Bulgarian Minister of Energy Alexander Nikolov said, commenting on halted gas deliveries from Russia. Russia suspends natural gas supplies to Bulgaria "As..
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