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

Bulgaria reports 20 years of economic growth

The European Commission predicts acceleration of economic growth in Bulgaria to 3.3% in 2019 and 3.4% in 2020, with annual inflation of 2%. According to economists from the Bulgarian Academy of Sciences, despite the slowdown in growth, it remains above the average level for the EU countries, but among the lowest among the new member states. At a forum in Sofia, economist Krasen Stanchev said that Bulgaria's EU membership has been the longest period of economic growth for Bulgaria. For the past 20 years, Bulgaria has become 4 times richer, while incomes have increased threefold. If in 1999 the average income of the population was 23% of that in the EU, it is now 52%. Bulgaria is also the country with the largest share of foreign investments in the EU as they account for 80% of GDP, Stanchev said.




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

Diplomats play football with a team of refugees in charity tournament

Representatives of the diplomatic missions in Sofia together with a team of refugees and youth and student organizations will participate in a charity football tournament on the grounds of the National Football Base "Boyana" in the..

published on 9/29/24 9:25 AM

Temperature drops with stormy wind and rain

On Sunday a cold atmospheric front will pass through the country. In the morning, the cloudiness will begin to increase rapidly from the west and rainfalls will start. Later in the day there will also be precipitation in the..

published on 9/28/24 6:05 PM
Iliana Iotova

Iliana Iotova wishes voters to remember the end of the 50th parliament and to make a wise choice

The 50th National Assembly ended in a way that is very offensive to us, the Bulgarian citizens, Vice President Iliana Iotova said in Madzharovo, where the Day of Thracian Memory took place at the memorial complex with an ossuary..

published on 9/28/24 4:26 PM