According to Eurostat, Bulgaria is first in the EU in terms of industrial production growth with 20.2%. "This became possible because thefts were stopped and an end was put to racketeering and to the extortion of companies," Deputy Prime Minister and Minister of Economy Kornelia Ninova said. She reported historical export growth of 38.8%.
According to experts, the growth was mainly due to the record-high export of defense products to Ukraine, BGNES reports. The National Statistical Institute commented that this was an expected result of inflation. In May 2022, total Bulgarian exports grew on an annual basis by 60.7% to 4.2 billion euros, while total imports grew by 49.3% to 4.6 billion euros.
Bulgaria’s real GDP growth is expected to stand at 2.1% in 2024, indicates the macroeconomic forecast of the Bulgarian National Bank (BNB) in June. Bulgaria’s real GDP growth is expected to stand at 2.1 per cent in 2024, driven by the positive..
The caretaker government has instructed Deputy PM and Minister of Finance Lyudmila Petkova to submit, by 11 September, a proposal for amending the REpowerEU chapters of the recovery and resilience plan. This is being done so as to make the..
Andrey Gyurov will cease to perform his duties as Deputy Governor in charge of the Issue Department and Member of the Governing Council of the Bulgarian National Bank (BNB) until the court and parliament make a decision, the BNB announced. The..
Mostly Cloudy
sunshine, cloud, rain and thunder
Partly cloudy, chance of rain