The European Bank for Reconstruction and Development, EBRD, is forecasting that the economy of Bulgaria will grow by 4.2% in 2021, compensating for the 4.2% drop in 2020. This means the EBRD has cut down its June forecast for a 4.5% GDP growth by December.
In its November report Regional Economic Prospects, the European Bank for Reconstruction and Development projects a GDP growth in Bulgaria of 4.4% in 2022. The projection is 0.4% higher compared to June, when the expected growth rate was 4%.
“The risks are tilted to the downside, including the low vaccination rate and ongoing political crisis," the EBRD notes.
Bulgaria’s accession to the eurozone will reduce transaction costs with key trade and investment partners, according to the annual U.S. State Department report on the investment climate in the country, reported BGNES. The report emphasizes that..
Less than 100 days remain until Bulgaria joins the eurozone, and this is another reason to talk about the incomes of people in Bulgaria, about the Bulgarian economy, about foreign investments and about the domestic labour market which reacts the..
At the end of September, with a little over three months to go until the Rubicon in Bulgarian public finance - 1 January, 2026, when the country will officially leave the currency board and adopt the single European currency, the euro – issues..
The growth of the national economy in the second quarter of 2025 accelerated by 3.5% on an annual basis. According to an analysis by..
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