Winter Tourism: 1.8 Million Visit Bulgaria
Bulgaria has witnessed a bustling winter tourism season, with a total of 1.8 million tourists gracing its picturesque landscapes from December 1 to March 25
The World Bank forecast 1.7% growth for Bulgaria's economy in 2014, in its EU 11 regular report released on Friday.
It, however, did not take into account the controversies around the bankruptcy of the Corporate Commercial Bank (KTB) and the expected by Finance Minister Petar Chobanov growth of the state deficit over the 3% threshold.
According to the World Bank forecast, Bulgaria's growth was expected to reach 1.7% in 2014 and 2.4% in 2015.
The report, which encompasses the 11 EU members, who joined the Union in 2004 and later, forecasts the overall growth of those countries to strengthen from 1.4% in 2013 to 2.6 percent in 2014. The initial reliance on net export growth, with rising demand from the rest of the EU, is gradually giving way to more balanced growth as domestic demand picks up.
According to the report, Bulgaria will still lag behind the average for the EU 11 group, with only Slovenia and Croatia having worse outlook.
The three main threats to Bulgaria's economic growth, identified by the World Bank report, are the ageing population, youth unemployment and lack of skilled workers. According to the report, the country is among the leaders in share of young adults who neither work, nor study, nor acquire any qualifications.
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The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year
Bulgaria has witnessed a bustling winter tourism season, with a total of 1.8 million tourists gracing its picturesque landscapes from December 1 to March 25
Trade relations between Bulgaria and Ukraine have reached unprecedented heights, with bilateral trade hitting a record 3 billion USD in 2022, according to statements made during the recent Bulgarian-Ukrainian business forum
As of 2022, the count of fellow countrymen who purchased real estate overseas reached 2,154, based on data from the National Revenue Agency referenced by "Telegraph"
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
FlixBus, the renowned European bus company, is set to launch new routes to and from Bulgaria in anticipation of the summer season
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022