It is achievable to keep to a deficit of 3 percent, Petar Ganev, senior researcher at the Institute for Market Economy has told BNR. "We don't have pitfalls in the budget that are insurmountable. With a strict position of the finance..
In 2022, arms exports increased with 200% and amounted to EUR 1.6 billion. The growth in revenues is 220% compared to 2020", Bulgaria’s Minister of Economy Bogdan Bogdanov said for BNT. 2022 is the second year of the last 15 years with the highest..
Bulgarian exports continue to grow and in 2022 reached 50.25 billion US dollars , or 21% more in comparison to 2021, according to an analysis by the Bulgarian Industrial Association. Bulgaria climbed to 57th place in the world in..
In 2023, the Bulgarian economy marks decline in the ranking of competitive countries in the world, according to the 35th edition of the IMD World Competitiveness Yearbook. In 2023, Bulgaria holds 57th place out of a total of 64..
115 million children globally are engaged in hard work, children are the driving force in high-profit industries such as metalworking, construction, textiles, electric car battery manufacture, indicate International Labour Organization (ILO) data. The..
Inflation in Bulgaria in April has gone down to 0.3% compared to March and to 11.6% compared to the same month last year, the National Statistical Institute said. Year-to-date inflation (January 2023-April 2023) is 3% and the average annual..
We are not faced with the dilemma whether to support the European Union's 11th package of sanctions against Russia. Bulgaria will support the sanctions as usual. The 11th package of sanctions is aimed at limiting the possibilities of circumventing..
Minister of Economy, Trade and Industry of Japan Yasutoshi Nishimura and a delegation including representatives of leading Japanese companies have visited and held meetings at INSAIT - Institute for Computer Sciences, Artificial..
The declaration for strategic partnership between Bulgaria and Romania from 15 March, 2023 “in a sense bridges the lag of the past in the development of the huge potential in different spheres” between the two countries, said Bulgaria’s ambassador to..
Following the approval of the 2023 draft budget, the caretaker cabinet decided to table it to the National Assembly. According to the draft budget, the budget deficit for 2023 is set at 6.4% of the country’s gross domestic product. According to..
