The Organisation for Economic Co-operation and Development (OECD) forecasts an acceleration in Bulgaria's economic growth from 1.8% in 2023 to 2.5% in 2024 and to 2.9% in 2025 as public investment increases along with EU funds. OECD expects inflation in Bulgaria to slow from 9.5% in 2023 to 3.0% in 2024, primarily due to falling global food and energy prices.
However, high wage growth is an obstacle to a faster reduction in inflation, the OECD notes. The ongoing political uncertainty puts the country's planned reforms and investments at risk, OECD further said. Difficulties and delays in implementing the reforms necessary to access EU funds risk reducing the amount of EU funding and additional investment, warns OECD.
Preliminary data from the National Statistical Institute (NSI) shows a 1.3% increase in employment from March to June 2025, reaching 2.38 million. The hotel and restaurant sector had the largest increase in employment (24.8%), followed by real estate..
The lack of sufficient manpower and strong private consumption are the main reasons for inflation, according to the second "Economic Review" of the Bulgarian National Bank (BNB) for the year. Annual inflation is 2.9%, increasing by 2.1% by May 2025..
After months of low inflation and even temporary deflation in April this year, according to official national statistics, the trend abruptly reversed. On July 15, literally days after Bulgaria received a green light from Brussels for..
Preliminary data from the National Statistical Institute (NSI) shows a 1.3% increase in employment from March to June 2025, reaching 2.38 million. The..
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