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.
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..
'The land of the rising sun' — this evocative name resonates beautifully with Bulgarians. The country is also known as the 'cherry blossom garden' and the 'mighty financial powerhouse'. These descriptions are all accurate, sparking the interest of..
The positive convergence report will have a positive impact on people's standard of living and purchasing power, as well as on the country’s business..
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