Inflation in Bulgaria will reach 12.8% in 2022, the European Commission’s autumn economic forecast shows. Inflation is forecasted to be 0.3% higher as compared to the Commission’s summer forecast. In 2021, Bulgaria’s inflation was 2.8%. The..
“The idea of pumping money from the budget into the economy is absurd. That is only going to boost inflation. Because of the expected lower GDP growth rate, or even possible decline, we need to restrict spending but investment expenditure should..
Bulgaria's gross domestic product will grow by 3% in 2022, the European Bank for Reconstruction and Development predicts in its September regional economic report , published today, BTA reported. Due to the solid performance of the economy in the..
Bulgarian economy grew by 0.8% in the second quarter of the year compared to the first three months, according to preliminary data from the National Statistical Institute. On a year-on-year basis, growth was 4%. The largest contributor to..
Saving is the only way to finance extra expenditure until the end of the year, as no revenue over-performance is expected, Bulgaria’s caretaker Minister of Finance Rositsa Velkova said. Minister Velkova pointed out that the mid-year budget..
Bulgaria's gross domestic product in 2021 has reached a record €68 billion, rising by 3.6% with inflation at 3.3%, BNR's Natalia Ganchovska reports, quoting the annual edition of the Bulgarian Chamber of Commerce and Industry "Bulgaria in..
The cost of the fall of the Bulgarian government in the short-term amounts to BGN 900 million or almost EUR 460 million, says Latchezar Bogdanov, Chief Economist at the Institute for Market Economics. But if the political..
The Bulgarian National Bank (BNB) said that it expects Bulgaria’s economy to expand by 1.9% in 2022, revising downwards its March growth forecast of 2.1%. The slower GDP growth will be determined by the negative contribution of net..
The forestry sector is vital for Bulgaria because it creates jobs and contributes to 5% of GDP. Speaking to foresters and representatives of the woodworking and furniture industry in the town of Troyan, Deputy Minister of Agriculture Valentin Chambov..
In 2020, 70,000 Bulgarians, or 1% of the population, owned 18.3% of the gross domestic product, which is equal to more than EUR 11.25 billion . In 2005, they owned 11.2% of the GDP, or EUR 2.4 billion. The wealth of the richest Bulgarians rose five..
