The forecast for 2% growth of the economy is being preserved, Minister of Economy and Industry Bogdan Bogdanov said in Varna. It is expected that the level of investment interest in Bulgaria will also be kept. Of course, we take into account all the dynamics of the world markets and the fact that our key partners are entering a recession. This is one of the reasons why the country is looking for alternative markets, including ones across the ocean or in Asia, Bogdanov said.
The growth of the Bulgarian economy in 2023 was 2%, the European Commission announced in its winter economic forecast. The economy has been hit by weaker demand in foreign markets, higher interest rates in the Eurozone and high price pressures. Bulgaria's GDP will increase by 1.9% in 2024, the forecast reads. Domestic consumption is expected to be a major driver of economic growth. The European Commission forecasts that inflation in Bulgaria will decrease to 3.4 percent in 2024.
47% of Bulgarians disagree with the statement that Bulgaria's entry into the euro area will boost the Bulgarian economy and raise their living standards. This is the result of a national survey conducted by the Market Links agency between 27 April and..
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..
MPs have agreed to extend the 0% VAT on bread and flour, which was due to expire on June 30, until the end of 2024. Under the GERB proposal, traders will be allowed to add a maximum of 15% profit margin on bread, but the proposal is limited to the most..
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