The European Bank for Reconstruction and Development, EBRD, is forecasting that the economy of Bulgaria will grow by 4.2% in 2021, compensating for the 4.2% drop in 2020. This means the EBRD has cut down its June forecast for a 4.5% GDP growth by..
The Bulgarian National Bank, BNB, has lowered the macroeconomic GDP growth outlook by 0.2%, and believes that by the end of 2021 it will be 3.9%. “In view of the postponement of the implementation of nationally-financed infrastructure..
The International Monetary Fund expects Bulgaria’s gross domestic product to increase by 4.5% this year, revising its April forecast for a 4.4% increase. Bulgaria’s economic growth is expected to slow to 4.4% in 2023 and to 4.0% in 2023, reads the..
Bulgaria's gross external debt at the end of July 2021 was EUR 40.527 billion. This is 61.7% of the country's GDP, the Bulgarian National Bank announced. For a year, the debt has grown by almost 3 billion euros and includes both government and private..
A 10% increase in GDP, increase in investment by 4%, increase in gross value added by 8%, increase in exports of goods and services by 20%. These are some of the achievements presented by the Minister of Economy Kiril Petkov at the end of the term of the..
According to the National Statistical Institute, Bulgaria's GDP grew by 9.9% in the second quarter compared to the same period last year. The increase is the largest for the last three decades and GDP continues to grow by 0.6% compared to the first..
GDP growth of 3.5% with increased household consumption by 2.8% and expected annual growth of 3.6%. This is envisaged in the update of the state budget which the National Assembly adopted at first reading. The budget deficit for this year..
Bulgaria’s gross domestic product will grow by 4.5% this year and by 4% in 2022, stronger than previously expected, indicates the June forecast of the European Bank for Reconstruction and Development, reported BGNES. In 2020, which was marked by the..
M ore foreign tourists are expected to arrive in Bulgaria after mid-June. Tourism remains among the sectors that have been most severely affected by the coronavirus epidemic, said Svetlana Atanasova, chairwoman of the Bulgarian..
The progress towards group immunity against Covid-19 and the phasing out of the restrictive pandemic measures in Bulgaria and the country’s trading partners will lead to a tangible increase in the GDP during the second and third quarter of 2021...
