Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

The World Bank warns Bulgaria of possible slowdown in its economic growth

Photo: BGNES

A World Bank report on public finances in Bulgaria points out the need to improve VAT collection. It also states that greater efficiency is needed in public procurement, spending on education and helping the vulnerable groups. 

According to the authors of the report, if measures were not taken now, in the long term the potential for economic growth would be severely limited. As an example, the still differentiated VAT rates, especially in the restaurant industry, the inefficient spending on education and public procurement are pointed out. It is for this reason that “if the necessary reforms are not undertaken now, growth could slow to around 1.25% by 2050." According to Deputy Minister Georgi Klisurski, in order to accelerate growth, the ministry will rely heavily on investments. Therefore, negotiations with foreign investors are conducted daily.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Varna will host forum on Bulgaria's Black Sea coast in the tourist market

Varna is hosting the 18th Black Sea Tourism Forum on the topic "Positions of the Bulgarian Black Sea coast in the tourism market - challenges and prospects". The organizer of the discussions, which will take place on October 30 and 31 in our Black Sea..

published on 10/30/25 6:10 AM

Warm autumn weather will continue on Thursday in Bulgaria

On Thursday, the minimum temperatures in Bulgaria will be from 1 to 6°C, in Sofia - 2°C. The temperatures in the valleys will be slightly lower in the morning, where there will be conditions for frost. In the hours before noon, it will still be foggy..

published on 10/29/25 7:15 PM
Bozhidar Bozhanov

Bozhidar Bozhanov: Mariya Gabriel allegedly tried to have sanctions lifted for Peevski and other individuals

Mariya Gabriel from GERB allegedly tried to have sanctions lifted for Delyan Peevski and other individuals. This took place while she was Deputy Prime Minister and Minister of Foreign Affairs in Nikolay Denkov’s government, said in Parliament Bozhidar..

published on 10/29/25 6:45 PM