The Bulgarian National Bank (BNB) said that it expects Bulgaria’s economy to expand by 1.9% in 2022, revising downwards its March growth forecast of 2.1%.
The slower GDP growth will be determined by the negative contribution of net exports, which will be only partially offset by the projected increase in domestic demand, the BNB said.
BNB revised downwards Bulgaria's GDP growth forecast for 2023 from 3.9% to 1.7%. The Bulgarian National Bank revised upwards its inflation forecast for 2022 from 9.6% to 14.7%.
The deteriorating international environment, energy shortages and rising international commodity prices pose risks to the Bulgarian economy, the analysis reads.
In Brussels, Bulgaria and North Macedonia reaffirmed their commitment to continue the construction of Railway Corridor No. 8 under the TEN-T Regulation, reported the European Commission’s Directorate General for Neighborhood Policy and Enlargement..
A Taiwanese technology giant is negotiating to build a large production facility on the territory of the Trakia Economic Zone near Plovdiv, announced caretaker Minister of Innovation and Growth Rosen Karadimov. He was briefed with the progress of the..
A Japanese-Bulgarian business forum is being held in Sofia, organized jointly by the Japan External Trade Organization (JETRO ) and the Bulgaria Invest Agency . "I am leading a delegation of a hundred people, a fact that speaks volumes about..
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