"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.
Agricultural land in Bulgaria has more than doubled in price, or by 108.7%, for the past 7 years , according to data of the National Statistical Institute. In 2016, the average price per decare of land was 386 EUR and last year it..
"Come to Blagoevgrad" is the motto of a three-day forum organized by the team of Mayor Metodi Baikushiev. The event aims to attract and motivate Blagoevgrad residents working and doing businesses abroad to return and realize their potential in their..
The residential real estate market in Sofia in the second quarter of 2024 remains stable and active. Despite forecasts for a possible lull, the trends show a rise in prices and a significant increase in demand. This is shown by an analysis of one..
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