The European Bank for Reconstruction and Development has lowered its forecast for Bulgaria’s GDP growth, because of the war in Ukraine. EBRD expects that Bulgaria’s gross domestic product will rise 2.8% in 2022, a downward revision of the 4.4% growth forecast made in November last year.
In 2023, EBRD projects the country’s GDP to increase with 3.6%. In 2021, Bulgaria’s economy grew 4.2%.
EBRD expects a slowdown in foreign direct investments in countries like Bulgaria and Romania, because of their proximity to Ukraine and particularly in the context of a militarization of the Black Sea, the report further reads.
Bulgaria recorded the second-highest annual house price growth in the European Union in the first quarter of 2025, according to Eurostat data released this week. A 100 square meter apartment in Bulgaria costs 199 average monthly salaries Property..
Bulgaria’s Minister of Finance Temenuzhka Petkova announced that Bulgaria is expected to meet the eurozone's price stability criterion again in June. According to Minister Petkova, monthly inflation for June was 0.4% compared to May, when inflation was..
With record interest, Bulgaria's Ministry of Finance has successfully placed debt on international capital markets, the institution announced. Two tranches of bonds in euros were sold. The 10-year bonds were for 2 billion euros with an annual interest..
Bulgaria recorded the second-highest annual house price growth in the European Union in the first quarter of 2025, according to Eurostat data released this..
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