Bulgaria’s real GDP growth is expected to stand at 2.1% in 2024, indicates the macroeconomic forecast of the Bulgarian National Bank (BNB) in June. Bulgaria’s real GDP growth is expected to stand at 2.1 per cent in 2024, driven by the positive contribution of domestic demand, while net exports and changes in inventories are expected to make a negative contribution. Real GDP growth is projected to accelerate to 3.2 per cent in 2025 before moderating to 2.9 per cent in 2026, with this dynamics being largely driven by the set profile of public investment and related imports. The BNB’s forecast from March projected an economic growth for this year of 2.2%, and 3.4% for next year. The main drivers for the revision in the GDP forecast and its main components are related to incoming additional reporting data on economic activity in the first quarter of 2024 and in April–May 2024. According to the technical assumptions, the growth of external demand for Bulgarian goods and services in 2024 will be lower than projected in the March 2024 macroeconomic forecast.
State-owned dairy company LB Bulgaricum will start modernising its production facility in Vidin in September. The first step will be to renovate the refrigeration units and repave the alleys leading to the workshops and the car park in..
The Minister of Innovation and Growth, Rosen Karadimov, has not given up on the idea of the Bulgarian Development Bank (BDB) granting preferential loans to those working in the public sector. In an interview with BNT, he said that..
Bulgarian protein bar manufacturer Healthy Bars is planning to build a new factory in the capital's Vrabnitsa district. The Regional Inspectorate for Environment and Water has already been notified of the intention, and the company has announced that..
The Romanian National Company for Road Infrastructure Administration (CNAIR) has announced a tender for a feasibility study for the construction of a..
All non-household consumers will be compensated for the high cost of electricity by the end of the year, the government has decided. The European..
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