The economic situation in the country has stabilized in 2022. Managers in all spheres continue to expect a rise in prices in the coming three months, the latest National Statistical Institute business climate report shows.
The growth forecasts in industry are for a 2.1 point rise in July compared to June, when the rise was by 1.7 points. The unstable markets and staff shortages remain a problem in the sector. Businesses have lower expectations in construction – by 2.9 points – which eradicates the 2.1-point growth in June. The growth outlook in retail trade is up by 0.7 points, after a 1 point rise a month earlier. In the service sector, the index is the same as in June.
The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate was 3.78%. Bulgaria is in a currency board and the Bulgarian lev is pegged to the euro. Therefore,..
Bulgaria fulfils three of the Maastricht criteria for joining the euro zone, but still does not meet the price stability and inflation targets, according to a report by the European Commission, as quoted by BTA. Bulgaria does not currently meet the..
Bulgaria will receive €65.2 million from the EU for a project to reinforce the electricity grid to better support the integration of renewable energy, the European Commission said in a statement. The money is part of a total of nearly €3 billion..
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