The political crisis is not affecting the economy in the short term – within 1-2 years, says Assoc. Prof. Krassen Stanchev from the Institute for Market Economics.
“The political crisis is affecting those who are highly regulated – mostly big companies and the energy industry. We are talking about 10% of the population whose incomes are directly dependent on the changes of government,” Krassen Stanchev said. “The business climate outside these spheres, without any direct interference from the government and public procurement, is good. The economy is developing much better. The most interesting element from the latest data, including from a few days ago, regarding foreign investments is that in 2023 they were 11 times the investments made in 2014. If we take the individual foreign investments data, they account for 4% of the economy,” Krassen Stanchev says. In the period, from 2022 until 2023 the average salary has gone up by 17%, the steepest growth rate in the entire European Union.
Housing loans in Bulgaria increased by 24.8% year-on-year, reaching BGN 22.3 billion (EUR 11.4 billion) by the end of June 2024, according to the BGNES news agency. Consumer loans also rose by 14% year-on-year compared to June 2023, reaching BGN..
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..
The caretaker government has instructed Deputy PM and Minister of Finance Lyudmila Petkova to submit, by 11 September, a proposal for amending the REpowerEU chapters of the recovery and resilience plan. This is being done so as to make the..
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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