The Bulgarian economy marked a 4.3% growth rate during the third quarter compared to the second quarter, when a record decline of 10.1% was registered, National Statistical Institute data indicate. Compared to the third quarter of 2019, the GDP..
The GDP of Bulgaria will shrink by 5.1 % in 2020, but will grow by 2% in 2021 and 3.7% in 2022, indicates the European Commission’s autumn economic forecast. In July Brussels predicted a bigger decline for the country (-7.1%), but also a higher..
“Bulgaria was affected by coronavirus most during the second quarter when a 8.5% drop in the GDP was registered , but we quickly managed to make up for that,” said Minister of Economy Lachezar Borisov in an interview for BNT. In his words during..
In 2020, Bulgaria has allocated 1.93 percent of its GDP for defense, according to a NATO analysis. That's 150 USD per capita in the country. Most of these funds go for salaries - 56%. 18% goes to training and maintenance, 19.4% goes to new equipment and..
The Bulgarian Industrial Capital Association (BICA) forecasts a decline in the country's gross domestic product between 3.5 and 5.5% depending on the development of the second wave of Covid-19. This was said for BNR by the chairman of the association..
Bulgaria’s gross domestic product is to decrease by 4% in 2020 and then regain ground with 4.1% growth in 2021, the International Monetary Fund forecasts in its latest World Economic Outlook report. There is a 60% probability that the decline in..
A decline of Bulgaria’s gross domestic product of up to 7% would be a success for Bulgaria, this country’s Minister of Economy Lachezar Borisov said in an interview for Darik Radio . In his words, in the second quarter of 2020 Bulgaria’s GDP fell 8.5%..
In case of exceptional circumstances, the budget deficit may exceed the threshold set at 3% of the GDP ,a draft of Bulgaria’s Ministry of Finance reads, investor.bg informs. The global Covid-19 pandemic and economic stagnation put the fiscal..
EU funds have led to an increase in wages by 8.2% for the period 2014 to mid-2020 . For the same period, the country's GDP grew by 7.7% compared to the baseline scenario without EU funds, according to an analysis by the Ministry of Finance on the..
Bulgarian economy has contracted in the second quarter of the year by a record 10% compared to the first three months of the year and also recorded the most dramatic decline on an annual basis by 8.5% since 1997. Data from the National..
