The European Bank for Reconstruction and Development has raised its forecasts for the economic growth of Bulgaria in 2023 and 2024, as well as for the region of Southeast Europe. The growth of the Bulgarian economy is expected to be 1.3% for 2023 and 2.9% for 2024. This is 0.3 percent more compared to previous forecasts. The region's growth is expected to reach 2.3% in 2023 and 3% in 2024.
The European Commission also raised its expectations for the economic growth of Bulgaria, but also raised the forecast for annual inflation. According to the spring macroeconomic forecast of the commission, Bulgaria will mark a 1.5% GDP growth by the end of the year. In the winter forecast, growth was 1.4%.
The reason for the positive correction is that Europe has coped better than expected with the consequences of the war in Ukraine. Bulgaria's modest growth is due to the fact that last year's export boom will not be repeated in 2023 due to weakened external demand.
The government has submitted to Parliament a draft bill to amend and supplement the Law on the Introduction of the Euro in Bulgaria. The proposed changes aim to improve the regulatory framework related to the dual display of prices for goods and..
The ratio of government debt to gross domestic product (GDP) in EU countries rose to 81.8% at the end of the first quarter of 2025 , up from 81% at the end of the fourth quarter of 2024. This is according to the latest data published today by the European..
If they had the opportunity, 85 per cent of workers in thermal power plants and coal mines in the Stara Zagora, Pernik and Kyustendil regions would remain in the energy sector. These results are from a survey conducted by the Confederation of Independent..
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