Bulgarian economy grew by 0.8% in the second quarter of the year compared to the first three months, according to preliminary data from the National Statistical Institute. On a year-on-year basis, growth was 4%.
The largest contributor to the growth of Gross Value Added in the country is the manufacturing sector, where growth was 11.9%. Growth of 5.6 per cent was also recorded in telecommunications and information generation and dissemination. Services and trade also grew by 4.7 per cent.
According to preliminary data, in the second quarter of 2022, GDP output amounted to EUR 19.9 billion, with EUR 2,918 per capita.
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...
Partly Cloudy