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IT sector in Bulgaria sees growth in employees, attracts specialists from abroad

The software industry is the most socially responsible business sector in Bulgaria. It brings taxes and insurances that are three times higher than the average for the country, drives consumption in the economy, is a major investor in changing the..

04.12.23 13:55 |

Government is working to increase investors' confidence in Bulgaria

The cabinet has a governance program until the end of 2024, Prime Minister Nikolai Denkov said at the "Government Meets the Business" forum. Denkov added that work was being done to launch delayed reforms in the spheres of justice,..

17.10.23 11:18 |

Bulgaria drops 20 places in economic freedom ranking

Economic freedom in Bulgaria continues to decrease, according to the latest published research of the Institute for Market Economics, conducted jointly with the Fraser Institute, based in Canada. In the Economic Freedom of the..

20.09.23 11:59 |

8.5% is the annual inflation for July

In July 2023, the monthly inflation as measured by the consumer price index was 0.9% compared to the previous month , as the annual inflation for July 2023 compared to July 2022 was 8.5%.  In July 2023, compared to the previous month, the..

16.08.23 16:08 |

Budget 2023 is provisional, economic policies for 2024 will be important.

The budget for 2023 comes into force late, we cannot expect miracles or anything extraordinary to happen in the next 5 months, Eurofound Executive Director Ivaylo Kalfin told BNR. "This budget is simply so that we have a budget to the end of the..

30.07.23 12:53 |

Budget deficit of 3% for 2023 is achievable

It is achievable to keep to a deficit of 3 percent, Petar Ganev, senior researcher at the Institute for Market Economy has told BNR. "We don't have pitfalls in the budget that are insurmountable. With a strict position of the finance..

25.07.23 11:53 |
Bulgaria’s Minister of Economy Bogdan Bogdanov

Economy Minister: Foreign investments in Bulgaria increase

In 2022, arms exports increased with 200% and amounted to EUR 1.6 billion. The growth in revenues is 220% compared to 2020", Bulgaria’s Minister of Economy Bogdan Bogdanov said for BNT.  2022 is the second year of the last 15 years with the highest..

17.07.23 10:57 |

Bulgaria continues to gain positions on international markets

Bulgarian exports continue to grow and in 2022 reached 50.25 billion US dollars , or 21% more in comparison to 2021, according to an analysis by the Bulgarian Industrial Association. Bulgaria climbed to 57th place in the world in..

22.06.23 13:36 |

Competitiveness of Bulgarian economy has been declining

In 2023, the Bulgarian economy marks decline in the ranking of competitive countries in the world, according to the 35th edition of the IMD World Competitiveness Yearbook. In 2023, Bulgaria holds 57th place out of a total of 64..

20.06.23 11:13 |

Bulgaria’s economy relies on schoolgoers as a labour force

115 million children globally are engaged in hard work, children are the driving force in high-profit industries such as metalworking, construction, textiles, electric car battery manufacture, indicate International Labour Organization (ILO) data. The..

14.06.23 11:19 |
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