Bulgarian-North Macedonian business forum will be held in early December in Skopje. In 2022, bilateral trade is expected to exceed 1 billion euros, compared to 747 million euros in 2021.
For the first 8 months of 2022, the turnover has already reached over 711 million euros. Bulgaria is the fifth largest trading partner of North Macedonia after Germany, Great Britain, Greece and Serbia. Bulgarian business has good positions in North Macedonia in the spheres of banking and insurance, in mining and processing industry, as well as in the IT sector.
Trade growth has been hampered for years by poor infrastructure connectivity between the two neighboring countries, businesses complain.
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The Bulgarian National Bank has lowered the base interest rate for the second consecutive month. As of August 1, it stands at 3.53%, down from 3.63% in July. Since the end of 2023, the base interest rate has been gradually falling. From February..
Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in 2024 will be 2.9%. The ongoing domestic political crisis and the likelihood of new early elections..
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