The Bulgarian National Bank, BNB, has lowered the macroeconomic GDP growth outlook by 0.2%, and believes that by the end of 2021 it will be 3.9%.
“In view of the postponement of the implementation of nationally-financed infrastructure projects, as well as the slower rate of absorption of funding under EU programmes during the year and the development of business indicators, during the second half of the year we are expecting companies to remain wary with regard to investment costs,” are some of the motives for the BNB’s pessimism.
The BNB is expecting the GDP growth rate to be 4.7% in 2022, and 3.8% in 2023. Inflation in 2021 is expected to reach 3.8%, though the forecast does not register the price volatility in energy.
“The main priorities businesses have – membership of the Eurozone and accession to the Schengen area by land – have receded to the background. They are the motors which can boost the economy, but the fact there is no regular government is an obstacle..
Bulgargaz has reported record interest in its tender for the supply of LNG to the Alexandroupolis terminal for January and February 2025. All nineteen bidders met the criteria set by the company and have been approved to participate in the next..
The Russian state oil company Lukoil has plans to sell its Bulgarian refinery Neftochim based in Burgas on the Black Sea Coast. It is the largest in the Balkans, writes the Financial Times . The deal is expected to be announced by the end of..
The assets of private pension funds have reached EUR 13 billion. According to data from the Financial Supervision Commission, they have increased by..
Mostly Cloudy
Partly cloudy, chance of rain
Partly Cloudy
Partly cloudy, chance of snow