The European Bank for Reconstruction and Development has lowered its forecast for Bulgaria’s GDP growth, because of the war in Ukraine. EBRD expects that Bulgaria’s gross domestic product will rise 2.8% in 2022, a downward revision of the 4.4% growth..
The Ministry of Economy will submit to the Council of Ministers a proposal to declare an extraordinary situation for export-oriented companies due to the war in Ukraine in force retroactively on February 24, Minister of Economy..
Deputy Prime Minister and Minister of Economy Kornelyia Ninova met with employers to discuss the impact on the Bulgarian economy of the sanctions imposed on Russia, possible counter-sanctions and the consequences they will have for Bulgaria, the..
The Bulgarian National Bank - BNB has made a forecast for inflation and economic growth that is significantly gloomier than that of the Ministry of Finance. According to the BNB, inflation will continue to be high and at the end of..
Skopje is to host today the first meeting of the Working Group on Economy, Trade and Innovation between Bulgaria and the Republic of North Macedonia, Bulgaria’s Ministry of Economy announced. The Bulgarian delegation is headed by the Minister of..
In the bulletin of the Association of Banks in Bulgaria, Governor of the Bulgarian National Bank (BNB), Dimitar Radev, has predicted inflation peak in June and subsequent easing. Radev also predicts a reversal of the interest..
In a video address, Prime Minister Kiril Petkov stated that if 75% of people in Bulgaria get vaccinated the economy is not going to shut down. In Kiril Petkov’s words the only way tight restrictions can be avoided is vaccination. He..
"We will probably see growth of around 4.5% by the end of 2021, but 90% of this growth is due to credits and inflation, which remained underestimated. The percentage of real GDP is low as it grew by just 0.6% in the 2 nd and the 3-rd trimester. We..
Economic growth of 5% is achievable, Daniel Lorer, Minister of Innovation and Growth, has told BNR. "By creating a new image as a country where there is no corruption and where the state promotes business instead of hindering it, the 5% target is..
The flow of foreign direct investments to Bulgaria from January to October remained positive, but decreased sharply on an annual basis. Foreign investments reached 1.144 billion euros. This is 1.178 billion euros less than in the same..
