GERB Strengthens Lead in Bulgaria as Eurozone Debate Fails to Shake Government Support
A new poll by “Gallup International Balkan” shows that GERB is holding onto its lead in Bulgaria, currently enjoying the support of 24.5% of voters
Bulgarian state budget for 2012 will stipulate a 2.8-2.9% GDP growth, stated Minister of Finance Simeon Djankov Tuesday evening.
Bulgarian ruling center-right GERB cabinet has earlier stated it will table the national budget to Parliament after the holding of presidential and municipal elections October 23, with a second round October 30.
This is unusually late for Bulgarian practice, but the government has said that it has already drawn the larger framework for the budget.
Just last week, the cabinet revised its forecast for growth in 2012 from an optimistic 4.2% to 2.5%, with Djankov citing slowdown in Western Europe.
Now the Bulgarian Finance Minister is still vowing a higher figure, saying that the state budget will feature 2.8% or 2.9% growth, reports the Bulgarian National Radio.
Recently Washington, D.C.-based Institute of International Finance released a study estimating 2012 GDP growth in Bulgaria at 2.2%.
End of September the IMF downgraded its own forecast for Bulgarian growth for the present year 2.5% from an earlier 3% estimate, against the Bulgarian government's own 3.6% forecast.
Bulgaria has secured an additional 300 million leva in debt from the domestic market, according to the results of the latest government securities auction held by the Bulgarian National Bank (BNB)
In April 2025, Bulgaria recorded a current account deficit of 724.9 million euros, marking the largest monthly shortfall since January 2022
With Bulgaria set to adopt the euro on January 1, 2026, questions are surfacing about whether the country might face financial risks similar to those that led to Greece’s debt crisis
The introduction of dual pricing in leva and euro is progressing smoothly and, in some cases, even ahead of the planned timeline in Bulgaria
Annual inflation in Bulgaria accelerated slightly in May, reaching 3.7%
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