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.
Due to shrinking consumption and export, Bulgaria’s economy will slow down its growth down to 1.8% in 2023, according to the Ministry of Finance spring macroeconomic forecast. In 2022, the growth rate was 3.4%. Due to the war in Ukraine an..
Even if Bulgaria manages to renegotiate its National Recovery and Resilience Plan (NRRP), the climate neutrality targets must still be met, representatives of the European Commission told BNR. This means that Sofia must devote at least 37% of the..
Architectural Building Week international trade fair will be held at Inter Expo Center, Sofia starting on 29th March. Construction equipment, machines, tools, insulation, building materials, windows, doors, sanitary equipment, etc. will be presented on..
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