The Bulgarian National Bank (BNB) has revised upwards its expectations for Bulgarian economic growth in 2025 but lowered its GDP growth forecast for 2026, it transpired from the Bank's regular quarterly Macroeconomic Forecast.
In its March forecast, BNB expects Bulgaria’s real GDP growth to reach 2.8% in 2025, then temporarily slow to 2.2% in 2026, and accelerate to 3.1% in 2027. For comparison, the January forecast projected GDP growth of 2.5% for 2025, 3.0% for 2026, and 2.5% for 2027.
The upward revision of the 2025 real GDP growth forecast is primarily driven by a projected increase in government consumption and a more positive contribution from inventories. However, the risk of lower growth in exports of goods and services remains, the analysis said.
The annual growth of incomes outpaced that of expenses in 2024. According to data from the National Statistical Institute, in 2024 the average annual total income per household member in Bulgaria reached 12,857 BGN (6,573.68 EUR) and increased by 18.5%..
The pig meat sector in Bulgaria is showing signs of growth. This was announced at the International Forum "Modern Trends in Pig Farming: Scientific, Market and Regulatory Aspects", held today in Stara Zagora. It was highlighted that 53% of the..
The total output at basic prices from the agriculture sector in 2024 amounts to €4,970.1 million, which is 7.9% less compared to the previous year. This decline is due to two main factors: a 3.2% decrease in the quantity of agricultural..
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