For the first time in 38 years the population of Bulgaria has practically stopped its downward trend. In 2023 the decline is by a mere 0.3%, or just 2,229 people, indicate data from the demographic development strategy for last year. At the end of..
The European Bank for Reconstruction and Development (EBRD) has slightly lowered its growth forecasts for the regions in which it invests. Bulgaria's economy will grow by 2.9 per cent in 2025, 0.1 per cent less than initially forecast in May...
More than 50% growth in revenues from hotel stays was reported in Varna in May this year, compared to the same month last year. According to the North-East Regional Statistical Bureau, revenues reached 10 million euro, of which 2.5 million euro..
More than 150 thousand Bulgarians living abroad returned home between 2014 and 2023. In the same period, almost 220 thousand chose to migrate abroad. According to the National Statistical Institute, in 10 years, 68 thousand people have left the country..
The construction sector in Bulgaria marked a growth rate of 3.7% in March on a yearly basis, in February this percentage was 4.2. Bulgaria ranks third in the EU in growth rate in construction in March 2024, with only Belgium (7.3%) and Italy..
A World Bank report on public finances in Bulgaria points out the need to improve VAT collection. It also states that greater efficiency is needed in public procurement, spending on education and helping the vulnerable groups...
The forecast for 2% growth of the economy is being preserved, Minister of Economy and Industry Bogdan Bogdanov said in Varna. It is expected that the level of investment interest in Bulgaria will also be kept. Of course, we take..
The economic situation in Bulgaria calmed down at the end of 2023 after the uncertainty during the year, caused by the political situation and the lack of a budget until the end of July. This is what Lachezar Bogdanov, Chief Economist at the Institute..
One of the biggest changes in the Bulgarian economy following the 2008 world economic crisis is that export-oriented industries have become the motor of economic growth in the country. A large portion of the investments made in this country are..
The country's gross domestic product growth slowed on an annual basis in the third quarter of 2023 , while the quarterly growth rate was maintained, data from the National Statistical Institute showed. In the third quarter, GDP grew by 1.7%..
