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Annual inflation in Bulgaria hits 14.4%: National Statistical Institute

The monthly inflation in Bulgaria in April has been estimated at 2.5%, as the prices of food products and non-alcoholic beverages rose by 4.5% . The main upward pressure on inflation in April was exerted by the prices of clothing and footwear, which..

17.05.22 12:03 |

EC: Bulgaria to see 12% inflation in 2022

Gas prices are expected to rise on a one-off basis due to the halted supplies from Russia, but they will be offset by alternative supplies, according to  European Commission's   latest spring macroeconomic forecast for Bulgaria . Energy prices..

16.05.22 14:30 |

EBRD cuts 2022 GDP growth forecast for Bulgaria

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..

01.04.22 11:07 |

NSI: Share of industrial production in Bulgaria’s GDP increases

In 2021, Bulgaria’s gross domestic product (GDP) increased with 4.2% year on year.  According to preliminary data of the National Statistical Institute, the share of industrial production and agriculture in the country’s GDP has increased. However,..

08.03.22 15:43 |

Economic forecasts of BNB and government differ significantly

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..

01.02.22 14:05 |
Assen Vassilev

Ministry of Finance presents 2022 draft budget

Bulgaria’s Deputy Prime Minister and Minister of Finance Assen Vassilev presented the 2022 draft state budget. He called it a budget of economic growth, which invests in people, projects and infrastructure. The projected revenues exceed EUR 29..

21.01.22 13:26 |

Institute for Market Economics presents its ideas for an alternative state budget

The Institute for Market Economics, IME, presented its traditional alternative budget for 2022, the first time it is doing so without the existence of a new budget framework. The cabinet has projected inflation of 5%, GDP growth of 4.9% and a budget..

20.01.22 12:06 |

Bulgaria records budget deficit of over 2 billion euros in just one month

According to the Maastricht Treaty, the state budget deficit should not exceed 3% of the gross domestic product (GDP) and the total government debt should not exceed 60% of GDP. So far, these criteria have been strictly..

05.01.22 14:51 |

Bulgaria is beginning the new year without an approved budget

Bulgaria is beginning the year, 2022, without a budget, voted by parliament, which is unprecedented in the country’s most modern history. According to estimated data, by the end of December 2021, the budget was "in the red" by 4 billion Leva (a..

01.01.22 12:10 |
Kornelia Ninova

Kornelia Ninova: No pensioners in Bulgaria will be living under the poverty line

“No pensioners in Bulgaria will be living under the poverty line. We are to work on a new model to recalculate pensions”, MP Kornelia Ninova who was nominated for Deputy Premier and Minister of Economy, said from the Parliament’s rostrum.  In her..

13.12.21 15:40 |
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