Text size

Institute for Economic Research of the Bulgarian Academy of Sciences:

It is unlikely that Bulgaria will adopt the euro by 2025

published on 5/21/23 11:10 AM

Photo: Archive

Higher inflation compared to the average values for the European Union and low growth rates - this is predicted by the macroeconomic forecast for Bulgaria until 2025 of the Institute for Economic Research of the Bulgarian Academy of Sciences.

According to the forecast, it is unlikely that Bulgaria meet the criterion of the Maastricht Treaty, on which Bulgaria's joining the eurozone by 2025 depends. High energy prices internationally and the war in Ukraine are the reasons cited for this.

Economists predict that the real growth of the gross domestic product will decrease to around 1.7% this year, and that it will exceed BGN 200 billion (EUR 102 billion) in the next year.

The forecast for economic growth varies between 3% and 3.5% per year.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy economic forecast economic growth Eurozone high energy prices Institute for Economic Research Maastricht Treaty

More from category

The project for the construction of Sofia Airport Terminal 3 has been presented

The investment in Sofia Airport's Terminal 3 will set new standards for the industry and travel in Eastern Europe, reports BTA, quoting Jesus Caballero, CEO of Sofia Airport operator. Speaking at the presentation of the future Terminal 3,..

published on 9/10/24 12:56 PM

Bulgaria takes on new debt of 3 billion euros and 1.5 billion dollars

Bulgaria has taken on new foreign debt of 3 billion euro and 1.5 billion US dollars, the Finance Ministry has announced. The triple tranche of Bulgarian bonds has sparked great interest among investors, allowing the country to secure extremely..

published on 8/29/24 6:30 PM

Despite the political crisis in the country, the economy is developing steadily, Krassen Stanchev says

The political crisis is not affecting the economy in the short term – within 1-2 years , says Assoc. Prof. Krassen Stanchev from the Institute for Market Economics. “The political crisis is affecting those who are highly regulated – mostly big..

published on 8/22/24 11:22 AM

WEATHER

Pick city: Sofía

Partly cloudy, chance of rain
Min: 12 | Max: 16

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

Construction of the Hemus Motorway has been going on for half a century

On October 4, 1974, the construction of the Hemus Motorway from Sofia to Varna started. Back then, the chairman of the State Council and..

published on 10/4/24 1:29 PM

Tourism minister calls for efforts for all-year-round tourism in Bulgaria

2024 is the best year since tourism statistics have been in existence – revenues, accommodation, number of tourists and tourist registrations, number of..

published on 10/4/24 11:17 AM

Share