The economic situation in Bulgaria calmed down at the end of 2023 after the uncertainty during the year, caused by the political situation and the lack of a budget until the end of July. This is what Lachezar Bogdanov, Chief Economist at the Institute for Market Economy, has told BNR’s Radio Sofia.
According to him, this country is experiencing higher growth than its leading partners in the Eurozone. However, as a country on the periphery, Bulgaria needs to catch up with developed markets. Bogdanov also said that there was some "revival" in investments in the country, but the private sector could no longer rely on cheap labor.
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..
Bulgarian President Rumen Radev extended an invitation to Japanese business to invest in Bulgaria . This happened during an economic forum in Tokyo organized by the Japan External Trade Organization JETRO . At the forum, Radev who is on..
According to Eurostat estimates, price growth in the EU slowed down to 2.4% year-on-year in April 2025, compared to 2.5% in March. According to data reported by BTA, Bulgaria's annual inflation rate slowed down to 2.8% in April, down from 4% in March..
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