Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Valdis Dombrovskis: Economic situation in Bulgaria improves

Photo: BGNES

Bulgaria is experiencing imbalances. Vulnerabilities in the financial sector are coupled with high indebtedness and non-performing loans in the corporate sector. Meanwhile, the Bulgarian economy continues to grow- this country’s gross domestic product is expected to see a 3.6% increase in 2019 and 2020. The GDP debt ratio is expected to be around 26% which is one of the lowest in the European Union. The next external position has improved on the back of robust growth and large current account surpluses. While there is progress in addressing sources of imbalances, the full implementation and monitoring of recent reforms to supervision and governance in the bank and non-financial sectors will be crucial. More action is also needed to reduce the stock of non-performing loans and to complete the reform of the insolvency framework, the EC First Vice President Valdis Dombrovskis, responsible for the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union said in his report on the Member States’ progress on economic and social priorities.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Protest in front of National Theatre against Bernard Shaw play turns violent

A protest organized by nationalist organizations in front of the Ivan Vazov National Theatre last night against the premiere of Bernard Shaw’s play Arms and the Man , directed by John Malkovich, turned violent. The protesters occupied the entrances..

published on 11/8/24 9:35 AM

Scientists discuss the history and perspectives of the Western Outlands

The Institute for Historical Studies at the Bulgarian Academy of Sciences is organizing today a scientific conference on the topic "The Western Bulgarian Outlands - History and Perspectives" on the occasion of the 100th anniversary of..

published on 11/8/24 7:55 AM

Vice-President Iliana Iotova: This National Assembly lacks legitimacy

Speaking to journalists during her visit to the town of Gotse Delchev in the Blagoevgrad region, Vice-President Iliana Iotova described the newly elected National Assembly as "illegitimate".  According to her, the reports of violations and the..

published on 11/7/24 6:34 PM