Every year, until 2026, the Recovery and Sustainability Plan will provide 1% GDP growth for Bulgaria. This became clear after a meeting between Bulgaria's Deputy Prime Minister Tomislav Donchev and the Economic and Social Council, BTA reported. One..
The international rating agency Standard & Poor's Global Ratings has confirmed the long-term and short-term credit rating of Bulgaria in foreign and local currency 'BBB/A-2'. This was announced by the Bulgarian Ministry of Finance. The..
Bulgaria’s National Assembly has approved the 2021 state budget at a second reading. Revenues in next year’s budget are estimated at EUR 24.3 billion. Expenditures are projected at EUR 26.8 billion. The budget deficit is set at nearly EUR 2,56..
As Minister of Economy I did not want to see this sector closed. However, the new restrictions will last for 3 weeks only. On December 21, the business will start functioning again. We need to take into account the epidemic situation and think about..
The Bulgarian economy marked a 4.3% growth rate during the third quarter compared to the second quarter, when a record decline of 10.1% was registered, National Statistical Institute data indicate. Compared to the third quarter of 2019, the GDP..
The GDP of Bulgaria will shrink by 5.1 % in 2020, but will grow by 2% in 2021 and 3.7% in 2022, indicates the European Commission’s autumn economic forecast. In July Brussels predicted a bigger decline for the country (-7.1%), but also a higher..
“Bulgaria was affected by coronavirus most during the second quarter when a 8.5% drop in the GDP was registered , but we quickly managed to make up for that,” said Minister of Economy Lachezar Borisov in an interview for BNT. In his words during..
In 2020, Bulgaria has allocated 1.93 percent of its GDP for defense, according to a NATO analysis. That's 150 USD per capita in the country. Most of these funds go for salaries - 56%. 18% goes to training and maintenance, 19.4% goes to new equipment and..
The Bulgarian Industrial Capital Association (BICA) forecasts a decline in the country's gross domestic product between 3.5 and 5.5% depending on the development of the second wave of Covid-19. This was said for BNR by the chairman of the association..
Bulgaria’s gross domestic product is to decrease by 4% in 2020 and then regain ground with 4.1% growth in 2021, the International Monetary Fund forecasts in its latest World Economic Outlook report. There is a 60% probability that the decline in..
