"We will probably see growth of around 4.5% by the end of 2021, but 90% of this growth is due to credits and inflation, which remained underestimated. The percentage of real GDP is low as it grew by just 0.6% in the 2nd and the 3-rd trimester. We are facing a frozen economy." This is how macro-economist Prof. Dimitar Ivanov commented on the economic situation in the country speaking to the Bulgarian National Radio.
According to him, household savings would decline, inflation would melt away the growth of wages and pensions, and consumption would continue to fall. In 2022, inflation will be a far more important issue than the pace of economic growth, Ivanov said. According to him, the government's focus on key reforms is urgent in order to preserve people's purchasing power and stabilize the economy.
Bulgaria can meet the convergence criterion for price stability, needed for entering the Eurozone, in January 2025 and continue to meet it throughout the rest of the year, the Bulgarian National Bank (BNB) states in its macroeconomic outlook,..
"The state should buy Lukoil. Then it can look for partners if it wants. If it wants to operate it on its own, that’s fine too. Bulgarians should have cheap fuel", the leader of DPS-New Begining Delyan Peevski told journalists in parliament...
A few hours before being sworn in for the second time as President of the United States, Donald Trump shocked the international community with the news that he was launching his own cryptocurrency, called $TRUMP. A precedent that provoked many questions..
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