Bulgaria can meet the convergence criterion for price stability, needed for entering the Eurozone, in January 2025 and continue to meet it throughout the rest of the year, the Bulgarian National Bank (BNB) states in its macroeconomic outlook, posted to the website of the BNB.
In 2024, the BNB expects Bulgaria’s real GDP growth to be 2.3%, 0.1 percentage points up compared to the BNB’s previous forecast from November. The growth rate of the real GDP is expected to accelerate to 2.5% in 2025, which is a decrease of 0.2 percentage points. For 2026, the forecast for GDP growth is up to 3%.
The inflation in Bulgaria at the end of 2024 stands at 2.1%, the average annual inflation rate is 3.3%. In 2025 it is expected to increase to 3.5%.
Bulgaria’s debt for 2024 amounts to BGN 48.846 billion (EUR 24 billion), or 24.1% of the country’s GDP, preliminary data from the National Statistical Institute (NSI) show. In 2023, the country's debt was BGN 42.383 billion (EUR 20.8 billion), or..
A working individual living in a one-person household needs a net monthly income of 1,521 BNG (EUR 747) to cover basic needs. A three-member household needs 2,738 BGN (EUR 1,344). The income needed to cover minimum living costs increases by..
"Flower in a Test Tube" is an innovative project that creates a new product using plant biotechnology. But it does more than that—it tells a story about the power of the human mind and heart. The idea comes from Petar Neftelimov, a young man born with..
Bulgaria’s debt for 2024 amounts to BGN 48.846 billion (EUR 24 billion), or 24.1% of the country’s GDP, preliminary data from the National Statistical..
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