The forecast for 2% growth of the economy is being preserved, Minister of Economy and Industry Bogdan Bogdanov said in Varna. It is expected that the level of investment interest in Bulgaria will also be kept. Of course, we take into account all the dynamics of the world markets and the fact that our key partners are entering a recession. This is one of the reasons why the country is looking for alternative markets, including ones across the ocean or in Asia, Bogdanov said.
The growth of the Bulgarian economy in 2023 was 2%, the European Commission announced in its winter economic forecast. The economy has been hit by weaker demand in foreign markets, higher interest rates in the Eurozone and high price pressures. Bulgaria's GDP will increase by 1.9% in 2024, the forecast reads. Domestic consumption is expected to be a major driver of economic growth. The European Commission forecasts that inflation in Bulgaria will decrease to 3.4 percent in 2024.
“The main priorities businesses have – membership of the Eurozone and accession to the Schengen area by land – have receded to the background. They are the motors which can boost the economy, but the fact there is no regular government is an obstacle..
Bulgargaz has reported record interest in its tender for the supply of LNG to the Alexandroupolis terminal for January and February 2025. All nineteen bidders met the criteria set by the company and have been approved to participate in the next..
The Russian state oil company Lukoil has plans to sell its Bulgarian refinery Neftochim based in Burgas on the Black Sea Coast. It is the largest in the Balkans, writes the Financial Times . The deal is expected to be announced by the end of..
41% of the member companies of the Bulgarian Industrial Association expect an economic decline in 2025. 21% believe there will be no change..
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