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The largest Italian bank UniCredit SpA has cut almost in half Bulgaria's growth forecast for 2012 in its Q4 2011 economic forecast, its Bulgarian subsidiary UniCredit Bulbank announced.
Thus, UniCredit expects that Bulgaria's GDP will expand by 1.5% in 2012, down from a previous forecast of 2.6%.
UniCredit, which is a leader on the Bulgarian banking services market, also predicts a final 2011 GDP growth figure for Bulgaria of 2%, down from the estimate of 2.6% the bank made in March.
UniCredit has emphasized the decline in Bulgaria's FDI to EUR 159 M in the third quarter as one of the reason for the forecast downgrade.
"The challenges facing Bulgaria's economic recovery include contraction of external demand combined with a gradual decrease of corporate-sector debt and a slow recovery in the real estate and labor markets," UniCredit said.
"Bulgaria will avoid a second recession because the public-sector balance and the household sector remain strong," the bank added.
The Council of Ministers has adopted the Report on the State of Defense and the Armed Forces of the Republic of Bulgaria for 2025, which was submitted to both the National Assembly and the public, outlining an overall assessment of military readiness and
Preliminary data from Eurostat show that the European Union’s average GDP per capita, measured in purchasing power standards (PPS), reached 41,600 euros in 2025
Bulgaria’s economy expanded by 3.0% in the fourth quarter of 2025 compared to the same period in 2024, according to preliminary figures from the National Statistical Institute. On a quarterly basis, seasonally adjusted data indicate a growth of 0.8% relat
In the final quarter of 2025, Bulgaria’s economy showed signs of slowing, with gross domestic product (GDP) rising by 2.9 percent year-on-year, down from 3.1 percent in the same period of 2024.
Bulgaria ranks as one of the three European Union member states with the lowest government debt relative to GDP in the third quarter of 2025, though it also registered the second-highest increase in debt compared with the previous quarter
The Bulgarian National Bank (BNB) has updated its GDP growth forecast for Bulgaria for the 2025–2027 period, showing a more optimistic outlook than its June 2025 projections.
The Ministry of Finance has released a broad public dataset covering more than 7,000 public procurement contracts with a combined value exceeding 30 billion euros
Caretaker Finance Minister Georgi Klisurski said he expects fuel prices at gas stations to ease in the coming period, pointing to a sharp decline in international oil markets
Bulgaria’s new government borrowing for 2026 has surpassed the 1 billion euro mark following the latest successful auction of state securities, according to data cited from the Bulgarian National Bank
Bulgaria recorded only a modest and one-off increase in inflation following the adoption of the euro on January 1, with the effect estimated at between 0.3 and 0.4 percentage points
Data released by the Ministry of Finance, covering budget execution for February 2026 and preliminary estimates for March 2026, indicate a marked deterioration in Bulgaria’s fiscal position
In the 2026 edition of the Index of Economic Freedom, compiled by the Heritage Foundation, Bulgaria is placed 38th out of 176 countries, positioned between Costa Rica and Oman
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