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 is making efforts to be ready to adopt the euro no later than January 1, 2025 , the Ministry of Finance said in connection with media publications related to the topic. The country's preparations and progress towards Eurozone membership were..
The Bulgarian National Bank (BNB) has raised from May 1 the main interest rate to 2.77 percent from 2.47% in April. More than once, the Bulgarian National Bank has warned that the credit expansion in the country may worsen the portfolio in the banking..
There are overwritten capital costs in the 2023 budget draft, the President of the Confederation of Independent Trade Unions in Bulgaria (CITUB) Plamen Dimitrov said , BTA informed. The capital expenditures are set for a little over EUR 5 billion,..