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

Tour operators and travel agents expect summer season hikes of 10% or less

The Association of Bulgarian Tour Operators and Travel Agents (ABTTA) expects tourism growth in Bulgaria to slow down due to the unfavourable economic situation in many of its source markets. It is not yet clear what effect Bulgaria's accession to the..

published on 5/21/25 1:33 PM

How will the adoption of the euro affect real estate prices in Bulgaria?

The expected adoption of the single European currency from January 1, 2026 is one of the many topics dividing society. In addition to being a cause for political quarrels, the euro is also a cause for concern among some Bulgarian..

published on 5/21/25 11:35 AM

The wealth of Bulgarians reaches a historic high - study says

At the end of 2024, Bulgarians' wealth hit a record high of 1 trillion leva (€511.29 billion), which is five times higher than the gross domestic product. According to a study by the Expert Club on Economics and Politics, reported by BNR's Natalia..

published on 5/20/25 2:16 PM