The forecast for 2% growth of the economy is being preserved, Minister of Economy and Industry Bogdan Bogdanov said in Varna. It is expected that the level of investment interest in Bulgaria will also be kept. Of course, we take into account all the dynamics of the world markets and the fact that our key partners are entering a recession. This is one of the reasons why the country is looking for alternative markets, including ones across the ocean or in Asia, Bogdanov said.
The growth of the Bulgarian economy in 2023 was 2%, the European Commission announced in its winter economic forecast. The economy has been hit by weaker demand in foreign markets, higher interest rates in the Eurozone and high price pressures. Bulgaria's GDP will increase by 1.9% in 2024, the forecast reads. Domestic consumption is expected to be a major driver of economic growth. The European Commission forecasts that inflation in Bulgaria will decrease to 3.4 percent in 2024.
Less than 100 days remain until Bulgaria joins the eurozone, and this is another reason to talk about the incomes of people in Bulgaria, about the Bulgarian economy, about foreign investments and about the domestic labour market which reacts the..
At the end of September, with a little over three months to go until the Rubicon in Bulgarian public finance - 1 January, 2026, when the country will officially leave the currency board and adopt the single European currency, the euro – issues..
Bulgaria is among the most dynamic and promising economies in Southeastern Europe, said Prime Minister Rosen Zhelyazkov. He participated in a luncheon roundtable discussion in New York organized by the Delphi Economic Forum and the Business Council..
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