Due to shrinking consumption and export, Bulgaria’s economy will slow down its growth down to 1.8% in 2023, according to the Ministry of Finance spring macroeconomic forecast. In 2022, the growth rate was 3.4%. Due to the war in Ukraine an..
Officially, the total inflation in Bulgaria for the past two years stands at over 28%, and it has impacted every household in Bulgaria. Against the backdrop of this figure, the trade unions in the country are demanding that all people, whose salaries..
Bulgaria has the lowest Gross Domestic Product per capita among the 27 member states of the European Union , Eurostat's preliminary estimates show. While Luxembourg and Ireland have recorded the highest level of GDP – respectively, with 161%..
The number of persons employed in the Bulgarian economy was 3.5 million in 2022. According to preliminary data, the gross domestic product per person employed in Bulgaria went up by 2.1% year-on-year in 2022, the National Statistical Institute..
Earthquake diplomacy warms Turkiye‘s ties with Greece and Armenia Greek foreign minister Nikos Dendias has visited the earthquake-stricken areas of Turkiye, accompanied by his Turkish counterpart, Mevlut Cavusoglu. Nikos Dendias‘ visit was..
In its winter economic forecast, the European Commission gives a better economic outlook for Bulgaria than it did in its autumn report. Overall, real GDP is estimated to have increased by 3.9% in 2022, instead of the expected 3.1%. In 2023, real..
In the third quarter of 2022, GDP grew by 3.3 percent compared to the third quarter of 2021 and by 0.6 percent compared to the previous quarter of 2022, the National Statistical Institute reported. GDP growth has slowed compared to..
Inflation in Bulgaria will reach 12.8% in 2022, the European Commission’s autumn economic forecast shows. Inflation is forecasted to be 0.3% higher as compared to the Commission’s summer forecast. In 2021, Bulgaria’s inflation was 2.8%. The..
“The idea of pumping money from the budget into the economy is absurd. That is only going to boost inflation. Because of the expected lower GDP growth rate, or even possible decline, we need to restrict spending but investment expenditure should..
Bulgaria's gross domestic product will grow by 3% in 2022, the European Bank for Reconstruction and Development predicts in its September regional economic report , published today, BTA reported. Due to the solid performance of the economy in the..
