Due to shrinking consumption and export, Bulgaria’s economy will slow down its growth down to 1.8% in 2023, according to the Ministry of Finance spring macroeconomic forecast. In 2022, the growth rate was 3.4%.
Due to the war in Ukraine an alternative scenario has been developed, in which the GDP growth is projected to drop down to 0.5%. The average annual inflation rate will be 8.7%. Due to an expected decline in the prices of some foodstuffs and their share in consumption, inflation is expected to shrink by the end of the year down to 5.6%, the analysis reads. The annual unemployment rate is expected to be 4.1%, a minimum decline by 0.2% compared to 2022.
On the basis of to the spring forecast, in April the Finance Ministry is to present a draft budget for 2023, and submit it to the newly elected parliament for discussion.
Bulgaria's Ministry of Finance placed 7-year government securities on the domestic market for 300 million leva. (144 million euros) and an interest rate of 3.25%. The submitted purchase orders amounted to 446 million leva with a coverage ratio of 1.49...
In August 2025, Bulgaria’s annual inflation rate stood at 5.3%, same as in July, according to data from the National Statistical Institute. Monthly inflation in August dropped to 0.1%, compared to 1.7% in July. Inflation measured from..
A Bulgarian company is expanding its production of laser cutting machines in the Sofia-Bozhurishte Industrial Park, the Ministry of Economy announced. The investment is worth 2 million leva (over 1 million euros). The company will build a new..
The government approved the draft Law on the 2026 State Budget, as well as the Updated Medium-Term Budget Forecast for the 2026–2028 period. In..
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