The forecast for 2% growth of the economy is being preserved, Minister of Economy and Industry Bogdan Bogdanov said in Varna. It is expected that the level of investment interest in Bulgaria will also be kept. Of course, we take into account all the dynamics of the world markets and the fact that our key partners are entering a recession. This is one of the reasons why the country is looking for alternative markets, including ones across the ocean or in Asia, Bogdanov said.
The growth of the Bulgarian economy in 2023 was 2%, the European Commission announced in its winter economic forecast. The economy has been hit by weaker demand in foreign markets, higher interest rates in the Eurozone and high price pressures. Bulgaria's GDP will increase by 1.9% in 2024, the forecast reads. Domestic consumption is expected to be a major driver of economic growth. The European Commission forecasts that inflation in Bulgaria will decrease to 3.4 percent in 2024.
In the second quarter of 2025, Bulgaria recorded the second-highest GDP annual growth in the European Union with a rise of 3.4% compared to the same period last year, according to Eurostat data. Compared to the previous quarter of 2025, Bulgaria..
Bulgaria’s state budget for 2025 does not add up. “The genie is out of the bottle – the state has never spent at such a pace,” warn financial experts. With only a few months left in the year, and despite the strenuous efforts of institutions such as the..
Bulgaria’s state gas supplier Bulgartransgaz has been “decapitalised” by a contract with Turkish company Botaş, Energy Minister Zhecho Stankov warned on Thursday, saying the deal could also threaten gas supplies to local district heating companies...
No disruptions or price increases are expected on Bulgaria’s fuel market following the US sanctions imposed on Russian oil companies Rosneft and Lukoil,..
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