Bulgaria’s real GDP growth is expected to stand at 2.1% in 2024, indicates the macroeconomic forecast of the Bulgarian National Bank (BNB) in June. Bulgaria’s real GDP growth is expected to stand at 2.1 per cent in 2024, driven by the positive contribution of domestic demand, while net exports and changes in inventories are expected to make a negative contribution. Real GDP growth is projected to accelerate to 3.2 per cent in 2025 before moderating to 2.9 per cent in 2026, with this dynamics being largely driven by the set profile of public investment and related imports. The BNB’s forecast from March projected an economic growth for this year of 2.2%, and 3.4% for next year. The main drivers for the revision in the GDP forecast and its main components are related to incoming additional reporting data on economic activity in the first quarter of 2024 and in April–May 2024. According to the technical assumptions, the growth of external demand for Bulgarian goods and services in 2024 will be lower than projected in the March 2024 macroeconomic forecast.
The final price at which Bulgargaz will sell natural gas in December to end suppliers and to persons with a license for the production and transmission of thermal energy is 75.89 BGN/MWh (excluding excise duty and VAT), the company announced...
Butter and vegetable oil are the products that have increased in price the most over the year. The retail price of vegetable oil will range between 3 and 5 BGN (EUR 1.5-2.5) per liter until the new harvest. The value of the small consumer basket,..
The assets of private pension funds have reached EUR 13 billion. According to data from the Financial Supervision Commission, they have increased by more than 20% compared to the same period last year. As of September 30, 2024, the number of..
Without compensation for the price of electricity, companies will be uncompetitive, said Vasil Velev of the Bulgarian Industrial Capital Association..
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