In January, the overall business climate indicator rose by 6.9 percentage points in comparison to December. According to the National Statistical Institute, growth has been marked in all sectors - industry, construction, retail and services. Optimism comes from rising number of orders and improving condition of enterprises. However, the unstable economic environment remains a major problem for businesses. Most of the managers in all sectors of the economy expect that prices would keep their levels in the next 3 months.
Rise of the index has been reported for the first time since September. In January, it was 81.1 points compared to 79.1 points at the end of 2020. Eurostat reports that there has been a slight decline in consumer and business expectations in January.
According to data from the National Statistical Institute, Bulgaria experienced a monthly inflation rate of -0.2% in May 2024 . Year-on-year inflation from May 2024 compared to December 2023 stands at 0.4%, while the average annual inflation rate for the..
The demographic crisis in this country is advancing at a rapid rate, holding back the development of businesses, but this is a tendency observed in other countries as well. Because of their good qualifications, Bulgarian workers find work in many..
The World Bank predicts a more moderate improvement in Bulgaria's economic growth in 2024 and 2025. In its latest report "Global Economic Prospects" the institution expects a slight acceleration in Bulgaria's GDP growth from 1.8% in 2023 to 2.1% in..
The direct losses for Bulgaria from the delayed full accession to the Schengen Area amount to EUR 424 million, caretaker Minister of Economy Petko..
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