In the first quarter of 2024, the country’s real GDP growth is expected to accelerate, which is a prerequisite for similar annual dynamics, the Bulgarian National Bank said in its regular economic review.
The GDP growth is mainly due to the data on the improvement of consumer confidence, the positioning of the global Purchasing Managers' Index (PMI) above the neutral threshold of 50 points, the increase in the indices of production in construction, retail trade and services in real terms, as well as the increase in loans to households and firms.
In the second and third quarter of 2024, real GDP is expected to continue growing, primarily supported by domestic demand and improved prospects for external demand for Bulgarian goods and services.
The BNB forecasts a continued slowdown in annual inflation, but strong consumer demand and rising labour costs will continue to exert inflationary pressures.
For the first time, Bulgaria’s Minister of Finance Temenuzhka Petkova took part as an observer in the regular meeting of the Eurogroup held in Luxembourg, the Ministry of Finance said. Until now, Bulgaria has only participated in Eurogroup..
Since the beginning of the current year, Bulgaria has experienced record heat waves, a series of devastating fires, and a new disaster just days ago – catastrophic floods that claimed human lives . Climate change already has its price – and it is..
Bulgaria will receive EUR 7.4 million in aid from the European Commission to support farmers affected by adverse production conditions in recent months, European Commissioner for Agriculture and Food Christophe Hansen told BTA and clarified that the..
The Ministry of Innovation and Growth has presented the country’s first interactive investment map . The platform aims to provide Bulgarian and foreign..
Overcast, rain
Rain
Partly cloudy, chance of rain