The war in Ukraine is putting the world economy to the test, and UN experts are presenting an outlook for 2023 with the slowest growth rate in a decade.
For Bulgaria the outlook is for a slowdown of growth from the expected 3% for 2022 down to 1.5% for 2023. This is an index which places Bulgaria among the best-performing countries in the EU, because the projected growth rate for the entire union is 0.2% in 2023. In 2024, the growth of the Bulgarian economy is expected to pick up, reaching 3%. Inflation in Bulgaria is expected to slow down from the expected 14% in 2022 to 7.5% in 2023, and to 3.2% in 2024. The labour market remains stable. According to UN estimates, in 2022 unemployment stood at 5.3%, and will reach 4.3% in 2023.
A little less than a month ago, Minister of Finance Temenuzhka Petkova presented, in Brussels, the headway Bulgaria has made along the road to joining the Eurozone. There, she stated that with its prudent fiscal policy, the country had earned its..
From March 9 to 11, 2025, Inter Expo Center in Sofia plays host to the 41st edition of Holiday & SPA Expo. The event, organized with the support of the Bulgarian Ministry of Tourism, traditionally becomes a meeting point for leading experts,..
The budget for 2025 is feasible and will likely be the last one in Bulgarian leva, Minister of Finance Temenuzhka Petkova said in an interview with bTV. The draft law on the state budget for 2025 has been prepared without increasing existing..
The real estate market in Bulgaria has steadily been growing in the past few years. There has been talk of a price bubble, inflated to serious..
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