Bulgaria can meet the convergence criterion for price stability, needed for entering the Eurozone, in January 2025 and continue to meet it throughout the rest of the year, the Bulgarian National Bank (BNB) states in its macroeconomic outlook, posted to the website of the BNB.
In 2024, the BNB expects Bulgaria’s real GDP growth to be 2.3%, 0.1 percentage points up compared to the BNB’s previous forecast from November. The growth rate of the real GDP is expected to accelerate to 2.5% in 2025, which is a decrease of 0.2 percentage points. For 2026, the forecast for GDP growth is up to 3%.
The inflation in Bulgaria at the end of 2024 stands at 2.1%, the average annual inflation rate is 3.3%. In 2025 it is expected to increase to 3.5%.
The price of electricity for households could increase by nearly 9% starting next year, according to estimates by the Energy and Water Regulatory Commission. This means that with an average consumption of nearly 400 kilowatt-hours, the monthly bills..
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