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.
After the election for parliament on 27 October, the caretaker government has to submit a draft of a budget for 2025 to parliament by the end of the month. Some economic analysts say the budget of the country for 2024 is the worst in the past decade. Holes..
Bulgaria's economy will grow by 2.3 per cent this year. This is according to the latest World Economic Outlook prepared by the International Monetary Fund and presented today in Washington. This is down from the Fund's April estimate, which predicted that..
In 2023, the government budget deficit was 2% of GDP or €1.9 billion. This is indicated by the final data of the National Statistical Institute. This is a significant narrowing of the budget deficit compared to the previous 3 years...
Urgent reform of Bulgaria's planning districts is needed, local authorities insist.The current regionalization shows increasing economic imbalances in..
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