Bulgarian exports continue to grow and in 2022 reached 50.25 billion US dollars, or 21% more in comparison to 2021, according to an analysis by the Bulgarian Industrial Association. Bulgaria climbed to 57th place in the world in terms of exports from 59th place a year earlier. It retains 20th place in the EU. For 5 years, exports have grown by an average of 11% annually. This means that Bulgaria continues to gain positions on world markets.
Bulgaria has a positive trade balance in 7 out of 10 leading export markets, including Germany, Italy, France, Belgium. The biggest negative balance is with Russia, China, Turkey and the Netherlands. Raw materials and energy carriers make up 1/3 of exports, but the export of electrical equipment, electronics, machines and devices is also on the rise.
In the first quarter of 2024, the gross domestic product (GDP) grew by 1.8% compared to the same period in 2023 . The first forecasts were for a growth of 1.7%, according to data of the National Statistical Institute. The GDP..
The perception of the level of corruption in Bulgaria remains very high, Geoff Gottlieb, Senior IMF Regional Representative for Central, Eastern and Southeastern Europe said. From an institutional point of view, the reduction in the level of..
Bulgarians own real estate in 64 countries around the world. This is shown by data of the National Revenue Agency, provided to the "24 Chasa" daily. By April 30, 2024, 3,604 Bulgarian citizens have declared they own real estate..
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..
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