Bulgaria’s economic growth in 2023 will be 1.7%, the World Bank forecast in a new report. The expected rise has been lowered from the 2.6% growth forecast announced in June. For Eastern Europe, the latest expectations are for growth of 1.1 percent.
Global growth will slow "dangerously close" to recession in 2023, according to the institution, which has slashed its economic expectations due to high inflation, rising interest rates and the war in Ukraine.
A sharp, protracted slowdown is likely to push global growth down to 1.7 percent, nearly half the pace previously forecast and among the weakest in decades, the Washington-based institution said.
"Bulgaria still depends on Russia for a number of parts and equipment for its nuclear power plant. We need them for the forthcoming planned repairs and maintenance", caretaker Minister of Energy Rosen Hristov said for the BNR with regard to the..
Germany has lost its former leading position as the most preferred business partner for Bulgarian companies , according to a recent survey by the Bulgarian Chamber of Commerce and Industry. The leading position is now held by Turkey, Bulgaria's..
The Ministry of Finance approved a concept of a draft bill of the state budget for 2023, according to which a deficit of 3% will be attained by raising some taxes, dropping preferential VAT as of mid-2023, and raising toll fees, as well as raising..
Germany has lost its former leading position as the most preferred business partner for Bulgarian companies , according to a recent survey by the..
"Bulgaria still depends on Russia for a number of parts and equipment for its nuclear power plant. We need them for the forthcoming planned repairs..
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