Petar Ganev, senior researcher at the Institute for Market Economics announced, for the BNR, the publication of their white paper of the Bulgarian economy – Unlocking growth: the road ahead after the election.
“Concord should be sought and a budget must be adopted. We shouldn’t start another year without a budget, and such a risk does exist,” Petar Ganev said. “There should be some kind of concord around the big target of not exceeding the 3% deficit. In the mid-term the deficit should disappear. This means expenditure containment,” he said. Unpopular decisions will have to be taken, every item of expenditure must be accompanied by a budget cut in another sector but we shall not have to freeze the raising of salaries and pensions in 2025. Taxes will not be raised but there must be cuts in public administration,” Petar Ganev says.
The Eurozone is drawing closer, with a prognostic target date of 1 January, 2026, Petar Ganev believes.
Preliminary data from the National Statistical Institute (NSI) shows a 1.3% increase in employment from March to June 2025, reaching 2.38 million. The hotel and restaurant sector had the largest increase in employment (24.8%), followed by real estate..
The lack of sufficient manpower and strong private consumption are the main reasons for inflation, according to the second "Economic Review" of the Bulgarian National Bank (BNB) for the year. Annual inflation is 2.9%, increasing by 2.1% by May 2025..
After months of low inflation and even temporary deflation in April this year, according to official national statistics, the trend abruptly reversed. On July 15, literally days after Bulgaria received a green light from Brussels for..
Bulgaria's Ministry of Finance placed 7-year government securities on the domestic market for 300 million leva. (144 million euros) and an interest rate..
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