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 Council of Ministers has approved a Memorandum of Understanding between the Government of Bulgaria and Smart Solar Technologies AD to implement a priority investment project for a "Solar Panel and Cell Manufacturing Plant." This project will be..
For the first half of 2024, the fast loans reached over 3 billion euros, according to the Bulgarian National Bank (BNB) . In comparison, at the end of June 2023, the granted quick loans totalled 2.5 billion euros. According to the..
Natural gas prices are expected to decrease by around 2% in September, according to a forecast by Bulgargaz. This is clear from the request submitted to the Energy and Water Regulatory Commission (EWRC). The company informs that next month, the..
On October 4, 1974, the construction of the Hemus Motorway from Sofia to Varna started. Back then, the chairman of the State Council and..
2024 is the best year since tourism statistics have been in existence – revenues, accommodation, number of tourists and tourist registrations, number of..
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