Bulgaria’s gross domestic product will grow by 4.5% this year and by 4% in 2022, stronger than previously expected, indicates the June forecast of the European Bank for Reconstruction and Development, reported BGNES. In 2020, which was marked by the coronavirus pandemic, this country’s economy contracted by 4.2%. In the previous issue of the report in October last year, EBRD projected that Bulgaria’s GDP would grow by 3% in 2021.
In 2020, the Bulgarian economy contracted due to the weak performance of exports and investments, which decreased by 11.3% and 5.1%, respectively. Meanwhile, Bulgaria reports good levels of domestic consumption, unlike other countries in the region. This is mainly due to the milder containment measures and robust wage growth throughout the year.
The Bulgarian banking system is among the most stable ones thanks to the high expertise of the people who work in it. They succeed despite turbulent times. They are successful because they follow the rules and laws. With these words,..
The Gross Domestic Product has gone up by 2.4% during the third quarter of the year compared to the same period of 2023, indicate preliminary National Statistical Institute data. This indicates there is a certain acceleration of the growth..
A year with good results in the banking sector, achieved in a difficult domestic and external environment. This is how the governor of the Bulgarian National Bank (BNB), Dimitar Radev, assessed the outgoing 2024 in an interview with..
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