"We will probably see growth of around 4.5% by the end of 2021, but 90% of this growth is due to credits and inflation, which remained underestimated. The percentage of real GDP is low as it grew by just 0.6% in the 2nd and the 3-rd trimester. We are facing a frozen economy." This is how macro-economist Prof. Dimitar Ivanov commented on the economic situation in the country speaking to the Bulgarian National Radio.
According to him, household savings would decline, inflation would melt away the growth of wages and pensions, and consumption would continue to fall. In 2022, inflation will be a far more important issue than the pace of economic growth, Ivanov said. According to him, the government's focus on key reforms is urgent in order to preserve people's purchasing power and stabilize the economy.
“We are a guarantee of stability in the region,” caretaker Prime Minister Dimitar Glavchev states in an address to the Vienna Economic Forum - Sofia Meeting, 2024, the Bulgarian news agency BTA reports. Sofia is hosting the meeting of the..
In 2023, the share of young people aged up to 29 neither in employment nor in education, stands at 13.8%, as compared to 15.1% a year earlier. Compared to the other EU countries, this percentage remains high. 1/7 th of the young people who are..
Joining the Eurozone later in 2025 is a possible scenario, and at this stage, it is a more likely one, Bulgarian National Bank Governor Dimitar Radev said for BTA in Washington during the Spring Meetings of the World Bank Group and the International..
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