The International Monetary Fund - IMF expects average inflation in Bulgaria in 2022 to reach 12.2%. This is what the opinion of the Executive Board of the fund is. It is based on data of the institution's mission to Sofia.
Representatives of the fund visited Bulgaria in early April, but the approved opinion is based on developments until mid-June. The projected annual growth of GDP is 2.8 percent.
The fund's opinion states that the reduced VAT for some goods and services should be abolished but due to the high energy prices there should be some kind of financial support for households and businesses.
In September, the overall Business Climate Indicator for the country decreased by 1 point compared to August. The decline reflects a less favourable assessment in the industry sector, where the indicator fell by 5.2 points. Managers in industry reported..
The procedure for renewable electricity storage projects under the National Recovery and Resilience Plan is now open and proposals are being accepted. There is a lot of money, the deadlines are short and the conditions applicants have to meet are not..
The European Bank for Reconstruction and Development (EBRD) has slightly lowered its growth forecasts for the regions in which it invests. Bulgaria's economy will grow by 2.9 per cent in 2025, 0.1 per cent less than initially forecast in May...
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