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Minister of Economy: Inflation in Bulgaria decreased to below 5%

Photo: BGNES

Bulgaria expects a positive growth of the economy and of investments in 2024. GDP growth will exceed that of 2023, which is around 1.8%, and we expect it to approach 3%, Economy Minister Bogdan Bogdanov predicted in an interview for the Bulgarian National Television. 

According to him, for 11 months from 2023, Bulgaria has recorded record levels of foreign investments for the last 12-15 years, namely over 3.5 billion euros.

Regarding Bulgaria's goal to enter the Eurozone on January 1, 2025, Bogdanov said that Bulgaria will continue to struggle with high inflation levels from 2023, which has currently dropped to levels below 5%. "This is the only criterion that Bulgaria has not fulfilled at the moment", he stressed.

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Radio Bulgaria Economy    Eurozone inflation

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The total expenditure per household member in Q1 of 2024 averages EUR 1,290

The total average income per household member in the first quarter of 2024 is BGN 2,840 (EUR 1,452.07), which was an increase of 18.6%, year-on-year, the..

published on 5/17/24 2:46 PM

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