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The Organisation for Economic Cooperation and Development (OECD) has altered its forecast to faster economic growth of the global economy next year due to initiatives for greater public spending which could provide a catalyst to business activity, helping the global economy extricate itself from the current trap of weak growth.
In its new three-month report on economic prospects, OECD confirmed its expectations for growth of the global economy of 2.9% in 2016, but predicted its acceleration to 3.3% in 2017, instead of the 3.2%, according to a previous report made in September.
OECD predicts growth of the global economy of 3.6% in 2018.
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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
In its latest macroeconomic forecast released on Tuesday, the Bulgarian National Bank (BNB) anticipates a 2.2% increase in Bulgaria's Gross Domestic Product (GDP) for the year 2024, compared to 1.8% in 2023
China's economy experienced robust growth in the first quarter of 2024, defying market expectations and signaling resilience amid challenges in the property market
China's economy experienced robust growth in the first quarter of 2024, defying market expectations and signaling resilience amid challenges in the property market
In an important stride towards global transparency and cooperation in tax matters, Bulgaria has received a laudable rating of Largely Compliant from the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes (GFTEITP)
According to the National Statistical Institute, the overall business climate indicator in March 2024 remains stable compared to February, hovering around 23%
Eurostat's latest findings have shed light on the shifting landscape of household energy prices in the European Union, with Bulgaria emerging as a frontrunner in affordability.
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
Along the Southern Black Sea coast, preparations are in full swing for a successful and peaceful summer season, as confirmed by Minister of Tourism Evtim Miloshev following discussions with local authorities and control institutions
As summer approaches, Bulgaria's seaside tourism industry faces a daunting challenge as hotels may remain shuttered due to a severe shortage of staff
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
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
