The International Monetary Fund (IMF) has raised the forecast for Bulgaria’s economy growth in 2023, according to the institution's autumn report. In 2023, the Bulgarian GDP will be 1.7%, which is 0.3 percent more in comparison to estimates in the spring report. For 2024, the IMF expects the country's GDP to grow by 3.2 percent, instead of the 3.5 percent forecast in April. The inflation forecast is high. In 2023, it is expected hat inflation would reach 8.5 percent, as the forecast in the spring was 7.5 percent.
Bulgarian business is pessimistic about the prospects in 2024. A survey of the Bulgarian Industrial Capital Association among its members indicates that 80% expect sales to decrease or remain at the level of 2023. 43% expect lower financial income and just 25% are optimistic about better profits and are planning bigger investments. 4/5 of the surveyed entrepreneurs expect exports to decline or remain unchanged.
On October 10, farmers will receive transfers totaling BGN 200 million (EUR 102 million) under the so-called "Ukrainian aid", announced caretaker Minister of Agriculture and Food Georgi Tahov. At a meeting with representatives of the agricultural..
The liquefied natural gas (LNG) terminal at Alexandroupolis, of which Bulgaria is co-shareholder, is already contributing to competitiveness in Greece and Bulgaria, but also in the entire region, said caretaker Energy Minister Vladimir Malinov after..
At a meeting with the ambassador of Japan to Bulgaria Hisashi Michigami, Bulgarian President Rumen Radev welcomed the interest by the Japanese side in the investment and trade potential of Bulgaria. The meeting was attended by proprietors and..
In the next 12 months, the Bulgarian business needs about 262,000 workers and specialists , according to a study by the Employment..
There will be pilot testing of ground-based silver iodide generators for hail protection in two zones where the use of rockets is not..
The German economy has been shrinking and the government expects a decline of 0.2% of GDP. Some of the main reasons for this include..
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