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.
Although bilateral trade reached nearly $4 billion last year, there are still untapped opportunities to further increase Bulgarian exports to China. This was made clear at a meeting between the Minister of Economy and Industry, Mr. Petko Nikolov, and..
Housing loans in Bulgaria increased by 24.8% year-on-year, reaching BGN 22.3 billion (EUR 11.4 billion) by the end of June 2024, according to the BGNES news agency. Consumer loans also rose by 14% year-on-year compared to June 2023, reaching BGN..
Bulgaria’s real GDP growth is expected to stand at 2.1% in 2024, indicates the macroeconomic forecast of the Bulgarian National Bank (BNB) in June. Bulgaria’s real GDP growth is expected to stand at 2.1 per cent in 2024, driven by the positive..
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