Text size

Institute for Economic Research of the Bulgarian Academy of Sciences:

It is unlikely that Bulgaria will adopt the euro by 2025

published on 5/21/23 11:10 AM

Photo: Archive

Higher inflation compared to the average values for the European Union and low growth rates - this is predicted by the macroeconomic forecast for Bulgaria until 2025 of the Institute for Economic Research of the Bulgarian Academy of Sciences.

According to the forecast, it is unlikely that Bulgaria meet the criterion of the Maastricht Treaty, on which Bulgaria's joining the eurozone by 2025 depends. High energy prices internationally and the war in Ukraine are the reasons cited for this.

Economists predict that the real growth of the gross domestic product will decrease to around 1.7% this year, and that it will exceed BGN 200 billion (EUR 102 billion) in the next year.

The forecast for economic growth varies between 3% and 3.5% per year.

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

Radio Bulgaria Economy economic forecast economic growth Eurozone high energy prices Institute for Economic Research Maastricht Treaty

More from category

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

The largest flow of investments to Bulgaria is from the Netherlands, outflow is to Russia

The largest net positive flows of direct investments in the country for January - July 2024 are from the Netherlands (269.5 million euros), Austria (225 million euros) and Greece (160.5 million euros), BNB data show. According to them, the..

published on 9/20/24 6:03 PM

WEATHER

Pick city: Sofía

Thunderstorms
Min: 14 | Max: 19

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

Construction of the Hemus Motorway has been going on for half a century

On October 4, 1974, the construction of the Hemus Motorway from Sofia to Varna started. Back then, the chairman of the State Council and..

published on 10/4/24 1:29 PM

Tourism minister calls for efforts for all-year-round tourism in Bulgaria

2024 is the best year since tourism statistics have been in existence – revenues, accommodation, number of tourists and tourist registrations, number of..

published on 10/4/24 11:17 AM

Share