Fitch Ratings has raised the outlook on Bulgaria's Long-Term Foreign-Currency Issuer Default Rating (IDR) from stable to positive . The current assessment stems from lower macroeconomic risks associated with the Covid-19 crisis,..
Bulgaria’ s economy has been slowly recovering thanks to an 11.3% rise in exports. Bulgarian economy grew in the fourth quarter of 2020 by 2.1% compared to the third quarter, when it rose by 3.9%, according to an..
Bulgaria's economy is expected to grow this year by 2.7% of GDP after a decline of 4.9% of GDP in the first year of the pandemic, while in 2022 the pace will reach 4.9% of GDP, which is one of the highest in the EU. However, the..
In 2020, the Bulgarian economy contracted by 4.6%. In 2021, it is set to rebound and grow by up to 3.6%, reads the conclusion of experts from the International Monetary Fund made within the traditional consultations. IMF recommends that Bulgaria..
On January 29, Bulgaria's Prime Minister Boyko Borissov will take part in the official presentation of the Economic Review for Bulgaria, prepared by the Organization for Economic Co-operation and Development - OECD. At the online event, OECD..
In January, the overall business climate indicator rose by 6.9 percentage points in comparison to December. According to the National Statistical Institute , growth has been marked in all sectors - industry, construction, retail and services...
Tomorrow, more than 8,000 companies that have applied for state support will start receiving a total of EUR 58 million under the Operational Programme Innovation and Competitiveness, Bulgaria’s Minister of Economy Lachezar Borisov told BNR. On the..
Although 2020 ended less than a week ago, the consequences of the Covid-19 crisis that marked it, will have a long effect on the mental, emotional and especially the financial well-being of Bulgarians and of all other nations in the world. We..
The World Bank has lowered its forecast for the growth of the Bulgarian economy for the current year to 3.3% compared to 4.3% in its June report. In 2022, the institution expects Bulgaria’s growth to accelerate to a level of 3.7%. At the same time,..
The Bulgarian economy will start growing after the crisis, but this will happen next year at the earliest. The worst consequence of the pandemic is deferred consumption. Because of it in 2020 the state budget did not receive more than 500 million..
