The Bulgarian National Bank - BNB has made a forecast for inflation and economic growth that is significantly gloomier than that of the Ministry of Finance. According to the BNB, inflation will continue to be high and at the end of 2022 it will reach 7.5%. Expectations in the draft budget of the ruling coalition are for 5.6%.
During the year, economic growth will slow to 3.6%, according to the BNB, while the Ministry of Finance expects GDP growth of 4.8%.
The BNB forecast is based on the assumption that oil, natural gas and electricity prices would continue to rise on an annual basis until the end of the third quarter of 2022. After that there would be a decline until the end of 2023.
The assets of private pension funds have reached EUR 13 billion. According to data from the Financial Supervision Commission, they have increased by more than 20% compared to the same period last year. As of September 30, 2024, the number of..
There has been an upsurge in the economy in every region of Bulgaria, the effects of the Covid crisis have been overcome, tourism has fully recovered, which is evident in Bulgarian seaside regions and spa resorts - this is the conclusion that is drawn..
More than EUR 1 billion will be invested in agriculture and rural areas in Bulgaria in 2025. According to a decision by the Monitoring Committee of the Strategic Plan for Agricultural Development, the funds are aimed at modernizing agriculture and..
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