Bulgaria’s real GDP growth is expected to stand at 2.1% in 2024, indicates the macroeconomic forecast of the Bulgarian National Bank (BNB) in June. Bulgaria’s real GDP growth is expected to stand at 2.1 per cent in 2024, driven by the positive contribution of domestic demand, while net exports and changes in inventories are expected to make a negative contribution. Real GDP growth is projected to accelerate to 3.2 per cent in 2025 before moderating to 2.9 per cent in 2026, with this dynamics being largely driven by the set profile of public investment and related imports. The BNB’s forecast from March projected an economic growth for this year of 2.2%, and 3.4% for next year. The main drivers for the revision in the GDP forecast and its main components are related to incoming additional reporting data on economic activity in the first quarter of 2024 and in April–May 2024. According to the technical assumptions, the growth of external demand for Bulgarian goods and services in 2024 will be lower than projected in the March 2024 macroeconomic forecast.
The final price proposed by Bulgargaz for the sale of natural gas to its customers in October is BGN 63.72 (EUR 32.58) per megawatt-hour before tax. The 3% price increase is expected to be approved by the Energy Regulatory Commission. The October price..
T he LNG terminal near the Greek town of Alexandroupolis has officially srarted commercial operations today, the Greek company Gastrade announced. The facility features state-of-the-art technology with a maximum regasification capacity of 5.5 billion..
In September, the overall Business Climate Indicator for the country decreased by 1 point compared to August. The decline reflects a less favourable assessment in the industry sector, where the indicator fell by 5.2 points. Managers in industry reported..
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