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The new program to support Bulgarian businesses has been sent to Brussels for approval

Bulgaria's Ministry of Innovation and Growth has sent the new programme "Competitiveness and Innovations in Enterprises" 2021-2027 for approval by the European Commissio n, the ministry's press centre announced.  The programme has a budget of..

20.08.22 14:35 |

The current challenge: Economic growth in the face of political upheaval

The cost of the fall of the Bulgarian government in the short-term amounts to BGN 900 million  or almost EUR 460 million, says Latchezar Bogdanov, Chief Economist at the Institute for Market Economics. But if the political..

19.07.22 15:10 |

Social inequality in Bulgaria is growing

In 2020, 70,000 Bulgarians, or 1% of the population, owned 18.3% of the gross domestic product, which is equal to more than EUR 11.25 billion . In 2005, they owned 11.2% of the GDP, or EUR 2.4 billion. The wealth of the richest Bulgarians rose five..

27.05.22 11:35 |

Innovation Minister Lorer: The cabinet will aim to provide businesses with staff and innovation capital

A 5% annual growth is an absolutely achievable goal for the Bulgarian economy. Our neighbour Romania, the Czech Republic and Hungary have achieved more serious figures, Bulgaria's Minister of Innovation and Growth Daniel Lorer told BNR on the..

16.12.21 10:23 |

The World Bank expects higher economic growth in Bulgaria in 2021

The World Bank has raised its forecast for the development of the Bulgarian economy in 2021. Bulgaria's annual GDP is expected to grow by 3.7%. The previous forecast was for growth at the end of 2021 by 2.6%. But the bank emphasizes that the country's..

06.10.21 13:57 |

Inflation is not uncommon in a period of recovery from a global crisis

The price of electricity for the industry reached BGN 300 (EUR 150) per megawatt-hour, just four days after the third caretaker government within the mandate of President Rumen Radev took office. According to Prime Minister Stefan Yanev, the..

23.09.21 14:21 |
Kristalina Georgieva

Kristalina Georgieva: The inflation expectations in Bulgaria are not worrying, as yet

Against the background of the growing prices, the inflation expectations in this country are not worrying, as yet, Kristalina Georgieva, Managing Director of the International Monetary Fund stated at the Career Hive international forum. In..

09.09.21 15:58 |

President Radev: Fiscal decentralization of Bulgaria’s municipalities is needed

Bulgaria must solve the problem related to the concentration of financial resources in the big cities. The real fiscal decentralization of the small Bulgarian municipalities would help the development of fair businesses in smaller towns and villages,..

18.07.21 17:28 |

Sofia hosts Three Seas Initiative summit on July 8-9

The 6th Summit of the Three Seas Initiative, hosted by Bulgaria's President Rumen Radev, will take place on July 8th and 9th at the National Palace of Culture in Sofia. The event will be accompanied by a large-scale business forum to which experts,..

08.07.21 07:05 |

The EC has adjusted its expectations for growth of the Bulgarian economy

The European Commission has revised its expectations for economic growth in Bulgaria this year. Brussels' summer economic forecast, published on Wednesday, there are expectations for economic growth of 4.6% in 2021 and 4.1% next year. In its spring..

07.07.21 20:07 |
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