The war in Ukraine is putting the world economy to the test, and UN experts are presenting an outlook for 2023 with the slowest growth rate in a decade.
For Bulgaria the outlook is for a slowdown of growth from the expected 3% for 2022 down to 1.5% for 2023. This is an index which places Bulgaria among the best-performing countries in the EU, because the projected growth rate for the entire union is 0.2% in 2023. In 2024, the growth of the Bulgarian economy is expected to pick up, reaching 3%. Inflation in Bulgaria is expected to slow down from the expected 14% in 2022 to 7.5% in 2023, and to 3.2% in 2024. The labour market remains stable. According to UN estimates, in 2022 unemployment stood at 5.3%, and will reach 4.3% in 2023.
“The main priorities businesses have – membership of the Eurozone and accession to the Schengen area by land – have receded to the background. They are the motors which can boost the economy, but the fact there is no regular government is an obstacle..
Bulgargaz has reported record interest in its tender for the supply of LNG to the Alexandroupolis terminal for January and February 2025. All nineteen bidders met the criteria set by the company and have been approved to participate in the next..
The Russian state oil company Lukoil has plans to sell its Bulgarian refinery Neftochim based in Burgas on the Black Sea Coast. It is the largest in the Balkans, writes the Financial Times . The deal is expected to be announced by the end of..
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