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 made in September last year, the country’s GDP was expected to decline by 5.5%. Economic activity is expected to grow by 3.7% in 2021 and by 3.6% in 2022, reaching pre-pandemic levels in 2022, BNB forecasts. The GDP growth in 2021 should come from an increase in net exports, investment in fixed capital and private consumption. Annual inflation for 2020 stands at 0.3% compared to 3.1% at the end of 2019.
At the end of 2024, Bulgarians' wealth hit a record high of 1 trillion leva (€511.29 billion), which is five times higher than the gross domestic product. According to a study by the Expert Club on Economics and Politics, reported by BNR's Natalia..
Bulgarian President Rumen Radev extended an invitation to Japanese business to invest in Bulgaria . This happened during an economic forum in Tokyo organized by the Japan External Trade Organization JETRO . At the forum, Radev who is on..
According to Eurostat estimates, price growth in the EU slowed down to 2.4% year-on-year in April 2025, compared to 2.5% in March. According to data reported by BTA, Bulgaria's annual inflation rate slowed down to 2.8% in April, down from 4% in March..
After the controversial success of the "Green Deal" and carbon emission quotas, which made electricity in Europe much more expensive..
This year will be the last in which Bulgarians receive their income in leva. In what currency will people declare their money to the tax authorities..
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