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 Bulgaria’s GDP in 2020 will be between 3.2% and 8%. The decline will most likely be 5.5%, the macroeconomic forecast of the Bulgarian National Bank reads. Forecasts are more likely to be made by astrologists than economists, because in the middle of October it is not clear yet what restrictions may be introduced because of the coronavirus pandemic, Professor Boyan Durankev commented for BNR. Consumption in Bulgaria declined by 3% on an annual basis, Boyan Durankev pointed out. Professor Durankev expects difficult winter for the country and restrictions on government spending.
Bulgaria has favorable climatic conditions for producing electricity from the su n, even in the transitional seasons of spring and autumn. One of the cities with the best conditions for using photovoltaic systems is Dupnitsa. The southwestern..
In 2024, the average gross annual salary in Bulgaria is 27,881 BGN (EUR 14,255), according to preliminary data from the National Statistical Institute. Compared to 2023, this marks an increase of 13.9% , with the public sector seeing an increase of..
The Bulgarian National Bank (BNB) has posted, to its website, the answers to important questions connected with the adoption of the euro and the country’s entry into the Eurozone. The official BGN to Euro exchange rate is fixed, with the Lev..
The real estate market in Bulgaria has steadily been growing in the past few years. There has been talk of a price bubble, inflated to serious..
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