Bulgaria ’s real GDP is projected to contract by 7.2% in 2020 largely due to the adverse impact of measures taken to contain the spread of Covid-19 pandemic. In 2021, growth is forecast to rebound to around 6%, partially offsetting the decline..
The Bulgarian National Bank reports that the gross external debt of the State Governance sector at the end of February 2020 amounted to EUR 5 423.3 million or 8.3 per cent of the country's Gross Domestic Product (GDP) and decreased by EUR 4.3 million..
The finalization of the fulfillment of the criteria for entering the exchange rate mechanism ERM II may be in the next few weeks, said Bulgaria's Finance Minister Vladislav Goranov. He is adamant that now is a good time for Bulgaria to take this..
After a registered growth of 3.4% in 2019, Bulgaria's gross domestic product will shrink by 4.0% in 2020 before it rises by 6% in 2021. These are projected figures by the International Monetary Fund presenting the organization's spring forecasts for..
The latest budgetary changes adopted by the Bulgarian government are based on the worst case scenario for the development of the COVID-19 crisis , this country’s Minister of Finance Vladislav Goranov said. We have developed three different..
In the fourth quarter of 2019, Bulgaria’s gross domestic product amounted to EUR 16.7 billion, which is 3.1% more than the previous trimester, the National Statistical Institute announced. In real terms, the GDP increased with 3.4% last year. The..
EUR 1,287 is the average monthly cost of living of a four-member household (2 adults and 2 children) in Bulgaria, data of the Bulgarian labor unions about the last trimester of 2019 show. The cost of living per person amounts to EUR 322 on average...
Bulgaria’s economic indicators at the end of 2019 are very good, this country’s Minister of Economy Emil Karanikolov told the Bulgarian Telegraph Agency. In the third quarter of 2019 the gross domestic product increased with 3.8% as compared to the..
Bulgaria’s Gross Domestic product in the third quarter of 2019 amounts to EUR 16,241 billion, or EUR 2,323 per capita, preliminary data of the National Statistical Institute show. 68.4% of the GDP was used for final consumption. Investments formed..
In 2019 Bulgaria’s gross domestic product will grow with 3.7%, up from 3.1% in 2018, the Bulgarian National bank forecasts in its economic review about the second trimester of 2019. In its economic analysis about the first quarter of 2019 BNB was..
