Bulgarian President Radev Engages in High-Level Talks with IMF's Georgieva
President Rumen Radev engaged in a substantial dialogue with the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva
The European Bank for Reconstruction and Development (EBRD) has downsized its 2015 GDP growth forecast for Bulgaria to 0.8% from a rate of 2% in September 2014.
If the forecast of the EBRD is fulfilled, 2015 will be a year of substantial slowdown in economic growth, following GDP growth rates of 1.1% in 2013 and 1.5% in 2014, according to the EBRD’s latest economic outlook, published on January 19, as cited by the Bulgarian National Radio.
EBRD economists expect Russian GDP to shrink by 4.8%in 2015, a major downward revision from September’s forecast of a contraction of 0.2%.
According to the report, a sharp oil price decline placed additional burden on Russia, whose economic growth was already slowing down amid uncertainty and weak investor confidence after the imposition of sanctions in 2014.
EBRD experts expect Russia’s problems to also affect Eastern European countries with close links to Russia.
The Ukrainian economy is expected to shrink by 5% in 2015, compared to a 3% contraction predicted in September 2014.
On average, the economies of the 35 countries in which the EBRD operates are expected to see a contraction of 0.3% in 2015, after a forecast of 1.7% growth in September 2014.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households
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
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022