Following the approval of the 2023 draft budget, the caretaker cabinet decided to table it to the National Assembly. According to the draft budget, the budget deficit for 2023 is set at 6.4% of the country’s gross domestic product.
According to the macroeconomic forecast of the finance ministry, the GDP growth in 2023 will slow down to 1.8%, and this will be in line with consumption, exports and inventory changes. GDP growth is projected to accelerate to 3.3% in 2024. At EUR 2.3 billion, the minimum fiscal reserve by December 31, 2023 is to remain unchanged from the amount set in the 2022 State Budget Act. The debt-to-GDP ratio is expected to increase to 25.3% in 2023, 29.6% in 2024 and 33% by the end of 2025.
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..
The assets of private pension funds have reached EUR 13 billion. According to data from the Financial Supervision Commission, they have increased by..
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