Bulgaria's External Debt Reaches €44.4 Billion: National Bank Report
Bulgaria's National Bank has disclosed the country's external debt figures, revealing a notable increase in gross foreign debt at the end of February 2024
Bulgaria's real GDP growth is forecast to contract by 5,3% in 2009, following estimated growth of 6% in 2008, according to the latest forecast of the Economist Intelligence Unit (EIU).
This will be mainly because of limited access to external finance and the poor economic outlook for the Eurozone. Growth is forecast to rebound weakly, to 0,4%, in 2010.
Inflation will continue to trend down from the high rate in 2008 as domestic demand pressures ease, food inflation drops and world oil prices remain low relative to 2008. Inflation is forecast to average 3,2% in 2009 and 3% in 2010.
Owing to a sharp contraction in domestic demand, EIU analysts forecast that the current-account deficit will diminish from 25% of GDP in 2008 to about 12% of GDP in 2009 and just below 10% in 2010.
The Economist's analytical unit comments that decision of the center-right Citizens for European Development of Bulgaria (CEDB) to govern alone despite lacking a majority presents some risk to political stability.
They expect the EU to keep Bulgaria under close scrutiny, continuing to demand judicial reforms, as well as concrete results against corruption and organized crime.
Given its large external debt and current-account deficit, Bulgaria is expected to require some financial assistance from the IMF and the EU.
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As the clock ticks down to midnight tonight, Bulgarians are reminded that April 30th marks the final day for filing their 2023 personal income tax returns
Bulgaria's National Bank has disclosed the country's external debt figures, revealing a notable increase in gross foreign debt at the end of February 2024
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
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022