Text size

Bulgarian President reports real growth in industrial production

published on 2/7/23 10:49 AM

President Rumen Radev

Photo: president.bg

Bulgaria has become a factor in the Balkans and Europe through partnerships that strengthen economic and energy security. They are in the interest of our neighboring countries, partners and allies in the EU and NATO, said Bulgarian President Rumen Radev at forum "The World Ahead 2023" held in Sofia.

At the forum organized by "The Economist" magazine, the Bulgarian head of state stressed that, despite the crisis, the data from 2022 show an upswing in the Bulgarian economy, especially in exports. He pointed out that the industrial structure is also changing from the export of raw materials to the export of products with high added value.

"Bulgaria is seeing a real growth in industrial production," the president said.

As a medium-term challenge for the Bulgarian economy, Radev highlighted the curbing of inflation, which leads to deepening social stratification.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy added value economy exports industrial production inflation Rumen Radev The Economist The World Ahead 2023

More from category

NSI: Business expectations fall due to uncertain economic environment

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..

published on 9/30/24 2:02 PM

New procedure under Recovery and Resilience Plan provides access to over BGN 1 billion for businesses

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..

published on 9/28/24 5:05 AM

The EBRD lowers growth forecasts, but is optimistic about inflation

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...

published on 9/26/24 1:17 PM