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, posted to the website of the BNB.
In 2024, the BNB expects Bulgaria’s real GDP growth to be 2.3%, 0.1 percentage points up compared to the BNB’s previous forecast from November. The growth rate of the real GDP is expected to accelerate to 2.5% in 2025, which is a decrease of 0.2 percentage points. For 2026, the forecast for GDP growth is up to 3%.
The inflation in Bulgaria at the end of 2024 stands at 2.1%, the average annual inflation rate is 3.3%. In 2025 it is expected to increase to 3.5%.
Without compensation for the price of electricity, companies will be uncompetitive, said Vasil Velev of the Bulgarian Industrial Capital Association (BICA) at a press conference held jointly with trade unions. Those who cannot pass on the increase in..
Bulgarian exports are expected to grow by 5.8% annually after Bulgaria joins the eurozone. Trade in goods could increase by 3.3%, and in the services sector, growth might reach 8.4%. This is predicted by an analysis by the trade credit insurance..
In 11 district cities in Bulgaria, 1 square meter of residential space costs under EUR 1,000. In 13 district cities, the price ranges from EUR 1,000 to EUR 1,400. In Sofia and Varna, 1 square meter of residential space costs EUR 2,400, National Real..
"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..
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..
Partly Cloudy
Mostly Cloudy
Cloudy