The political crisis is not affecting the economy in the short term – within 1-2 years, says Assoc. Prof. Krassen Stanchev from the Institute for Market Economics.
“The political crisis is affecting those who are highly regulated – mostly big companies and the energy industry. We are talking about 10% of the population whose incomes are directly dependent on the changes of government,” Krassen Stanchev said. “The business climate outside these spheres, without any direct interference from the government and public procurement, is good. The economy is developing much better. The most interesting element from the latest data, including from a few days ago, regarding foreign investments is that in 2023 they were 11 times the investments made in 2014. If we take the individual foreign investments data, they account for 4% of the economy,” Krassen Stanchev says. In the period, from 2022 until 2023 the average salary has gone up by 17%, the steepest growth rate in the entire European Union.
The euro area annual inflation rate was 2.5% in January 2025, up from 2.4% in December 2024. In Bulgaria, it accelerated more sharply in January to 3.8% from 2.1% a month earlier , reaching the highest level in 12 months (since January 2024, when it..
A concession award procedure for Plovdiv Airport is planned, Deputy Premier and Minister of Transport and Communications Grozdan Karadjov said at a meeting with aviation industry representatives. Minister Karadjov emphasized that he supports the idea..
Bulgaria’s Minister of Finance Temenuzhka Petkova said that the turnover of large retail chains in Bulgaria decreased by 28.8% on the day of the boycott compared to the previous day, reported BTA. Temenuzhka Petkova took part in the meeting on..
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