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

Statistics show Bulgarians live in good health longer than the average level in Europe

Bulgarians live in good health longer than most citizens of the European Union, according to Eurostat data. This country is more than 4 years ahead of the average levels in the EU at the backdrop of having the lowest life expectancy..

published on 9/28/24 3:05 PM
Lyudmila Petkova

Bulgaria risks losing 1 billion euros under the Recovery and Resilience Plan

This country may lose over a billion euros of European funding due to unadopted changes to the Recovery and Resilience Plan, the new chapter to it and the updated road map for climate neutrality, which were not accepted by the..

published on 9/28/24 12:53 PM
Council of Ministers

Bulgaria’s cabinet allocates 3.1 million euros for prevention of domestic violence

The caretaker government has adopted National Program for Prevention and Protection from Domestic Violence for the period 2024-2026 , the press service of the Council of Ministers reports. The planned measures will cost more..

published on 9/28/24 11:44 AM