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Bulgarian President reports real growth in industrial production

published on 2/7/23 10:49 AM

President Rumen Radev

Photo: president.bg

Bulgaria has become a factor in the Balkans and Europe through partnerships that strengthen economic and energy security. They are in the interest of our neighboring countries, partners and allies in the EU and NATO, said Bulgarian President Rumen Radev at forum "The World Ahead 2023" held in Sofia.

At the forum organized by "The Economist" magazine, the Bulgarian head of state stressed that, despite the crisis, the data from 2022 show an upswing in the Bulgarian economy, especially in exports. He pointed out that the industrial structure is also changing from the export of raw materials to the export of products with high added value.

"Bulgaria is seeing a real growth in industrial production," the president said.

As a medium-term challenge for the Bulgarian economy, Radev highlighted the curbing of inflation, which leads to deepening social stratification.

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Radio Bulgaria Economy added value economy exports industrial production inflation Rumen Radev The Economist The World Ahead 2023

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