Bulgaria's economy will grow by 2.3 per cent this year. This is according to the latest World Economic Outlook prepared by the International Monetary Fund and presented today in Washington. This is down from the Fund's April estimate, which predicted that Bulgaria's GDP would grow by 2.7 per cent in 2024.
In 2025, the economy is expected to grow by 2.5 per cent. Inflation will continue to slow, the IMF said. This year it will be 2.8 per cent in 2024, down from 8.6 per cent last year. This estimate is down from the 3.4% expected in April.
41% of the member companies of the Bulgarian Industrial Association expect an economic decline in 2025. 21% believe there will be no change compared to 2024. 65% of the respondents anticipate a deterioration in their own business due to the..
The price of electricity for households could increase by nearly 9% starting next year, according to estimates by the Energy and Water Regulatory Commission. This means that with an average consumption of nearly 400 kilowatt-hours, the monthly bills..
The leadership of the Confederation of Independent Trade Unions in Bulgaria (CITUB) insists that a national subsistence wage be introduced in Bulgaria, with the minimum wage in the country reaching at least 80% of the subsistence wage by 2027. According..
Partly Cloudy
Mostly Cloudy
Cloudy