In 2023, Bulgaria's GDP growth was 1.9% higher in real terms compared to 2022. This is 0.1 percent more than the initially announced growth of 1.8%, the National Statistical Institute has reported.
The chairman of the institute, Atanas Atanasov, explained that the change comes after the revision of all data for five years and this is done regularly in all EU countries. The next benchmark revision will be in 2029. According to preliminary data published on March 8, 2024, GDP was obtained only as a sum of quarterly data, Dr. Svilen Kolev, vice-president of the institute pointed out. In 2023, GDP was over 93.6 billion euros. According to the updated data, GDP increased by more than 753 million euros.
It is extremely concerning that the largest company in Bulgaria, Lukoil Neftohim, which is part of the country's critical infrastructure, is still in the hands of a country that has declared Bulgaria a hostile state. This opinion was shared by energy..
“The divergence between the monetary and the fiscal policy pursued by the government continues to be the main reason why Bulgaria does not meet all criteria yet for entering the Eurozone,” Lyubomir Karimansky, member of the Governing Council of the..
Germany remains Bulgaria's strongest economic partner. Trade between the two countries for 2024 amounts to EUR 12 billion, said Tim Kurth, President of the German-Bulgarian Chamber of Industry and Commerce. At a ceremony held at the University of..
A little less than a month ago, Minister of Finance Temenuzhka Petkova presented, in Brussels, the headway Bulgaria has made along the road to joining..
Bulgaria's Ministry of Transport has been working for years to develop Corridor No. 8, connecting the Adriatic with the Black Sea through Albania, North..
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