Bulgaria's GDP growth will continue to slow down at the beginning of 2023 and will slightly decrease in the second quarter of the year, the Bulgarian National Bank (BNB) forecasts. "This will be driven by the projected decline in the economy's inventories and weaker exports of goods in view of the deteriorating global economic activity," the BNB said in its quarterly Economic Review.
At the end of 2022, inflationary pressures in the economy remained strong despite the weakening of the pro-inflationary impact of energy sources. This was due to "higher year-on-year net fiscal transfers to households and higher wages and salaries in the budget area", the analysis said.
“The divergence between the monetary and the fiscal policy pursued by the government continues to be the main reason why Bulgaria does not meet all criteria yet for entering the Eurozone,” Lyubomir Karimansky, member of the Governing Council of the..
Germany remains Bulgaria's strongest economic partner. Trade between the two countries for 2024 amounts to EUR 12 billion, said Tim Kurth, President of the German-Bulgarian Chamber of Industry and Commerce. At a ceremony held at the University of..
Bulgaria can meet the convergence criterion for price stability, needed for entering the Eurozone, in January 2025 and continue to meet it throughout the rest of the year, the Bulgarian National Bank (BNB) states in its macroeconomic outlook,..
A Bulgarian-Ecuadorian Business Forum will be held in Bulgaria, jointly organized by the Bulgarian Chamber of Commerce and Industry and the Pro Ecuador..
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