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.
The Association of Bulgarian Tour Operators and Travel Agents (ABTTA) expects tourism growth in Bulgaria to slow down due to the unfavourable economic situation in many of its source markets. It is not yet clear what effect Bulgaria's accession to the..
The expected adoption of the single European currency from January 1, 2026 is one of the many topics dividing society. In addition to being a cause for political quarrels, the euro is also a cause for concern among some Bulgarian..
At the end of 2024, Bulgarians' wealth hit a record high of 1 trillion leva (€511.29 billion), which is five times higher than the gross domestic product. According to a study by the Expert Club on Economics and Politics, reported by BNR's Natalia..
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