In 2020 Bulgaria undertook anti-crisis policies which cost 6 . 7% of the country’s GDP in 2019, the average European spending being 14.3%, indicates an analysis by the Institute of Social and Trade Union Studies of the Confederation of..
Bulgaria’ s economy has been slowly recovering thanks to an 11.3% rise in exports. Bulgarian economy grew in the fourth quarter of 2020 by 2.1% compared to the third quarter, when it rose by 3.9%, according to an..
In 2020, Bulgaria's real GDP decreased by 4.4%. This was due to the negative net exports and to a lesser extent to a decline in private investment , the latest macroeconomic forecast of the Bulgarian National Bank reads. In the previous forecast..
The World Bank has lowered its forecast for the growth of the Bulgarian economy for the current year to 3.3% compared to 4.3% in its June report. In 2022, the institution expects Bulgaria’s growth to accelerate to a level of 3.7%. At the same time,..
According to preliminary Ministry of Finance data, the budget deficit at the end of December amounted to 1.8 billion euro, or 3% of the GDP which is a better result than the 4.4% set down in the updated version of the budget for 2020. In..
At the end of October, Bulgaria's gross external debt amounted to EUR 37.326 billion, or 65.8% of the country's GDP. The debt increased by EUR 2.148 billion or 6.1% as compared to the end of 2019, the Bulgarian National Bank announced. Intercompany..
Every year, until 2026, the Recovery and Sustainability Plan will provide 1% GDP growth for Bulgaria. This became clear after a meeting between Bulgaria's Deputy Prime Minister Tomislav Donchev and the Economic and Social Council, BTA reported. One..
The international rating agency Standard & Poor's Global Ratings has confirmed the long-term and short-term credit rating of Bulgaria in foreign and local currency 'BBB/A-2'. This was announced by the Bulgarian Ministry of Finance. The..
Bulgaria’s National Assembly has approved the 2021 state budget at a second reading. Revenues in next year’s budget are estimated at EUR 24.3 billion. Expenditures are projected at EUR 26.8 billion. The budget deficit is set at nearly EUR 2,56..
As Minister of Economy I did not want to see this sector closed. However, the new restrictions will last for 3 weeks only. On December 21, the business will start functioning again. We need to take into account the epidemic situation and think about..
