Serbia’s EU Path in Question: No Progress, Closer Ties with Russia, EP Warns
The European Parliament (EP) has expressed disappointment over Serbia’s lack of progress in advancing EU accession negotiations
World Bank Forecasts 1.8% Growth for Bulgaria in 2014
- Tweet
Send to Kindle
The World Bank predicts a 1.7% economic growth for Bulgaria in 2014.
In a report on the economic growth of the 11 EU member states who entered since 2004, the World Bank forecasts a slightly lower than average growth for Bulgaria.
The average growth for these countries in 2014 will be 2.3%. The highest growth is expected in the Baltic countries, between 3% - 4.2%.
The World Bank's prediction is almost identical to that of the Bulgarian government, which envisions a 1.8% GDP growth.
The European Commission predicts a 1.5% growth for Bulgaria, while the European Bank for Reconstruction and Development (EBRD) is more optimistic, with 2%.
As a whole, 2014 is expected to be an year in which most EU countries will climb out of the recession.
Related Articles:
EU Commission Seeks Legal Action Against Bulgaria for Directive Non-Compliance
The European Commission has decided to refer Bulgaria to the Court of Justice of the European Union for its failure to properly implement several EU directives
EU to End Russian Gas Imports by 2027 as Part of New Energy Strategy
The European Union has set a goal to completely cut off Russian gas imports by 2027 as part of its broader strategy to reduce reliance on Russian energy resources
World Bank Cuts Bulgaria’s 2025 GDP Growth Forecast to 1.6%
The World Bank has revised down its forecast for Bulgaria’s economic growth in 2025, citing a broader global economic slowdown
EU to Strengthen Vehicle Inspections with Focus on Emissions and Safety
The European Commission is proposing significant changes to EU regulations concerning road safety and vehicle registration
EU Condemns Russia Over Torture and Death of Ukrainian Journalist Viktoriia Roshchyna
The European Commission has strongly condemned the circumstances surrounding the death of Ukrainian journalist Viktoriia Roshchyna
Lending Grows by 20.7%, Household Deposits Up 11.4% in March – BNB Reports
According to data published on the Bulgarian National Bank’s (BNB) official website, household lending surged by 20.
Damaged Leva Banknotes to Be Exchanged for Euros Under BNB’s New Guidelines
The Bulgarian National Bank (BNB) has released another set of practical guidelines regarding the transition to the euro once the country joins the eurozone
Bulgarians Show Confidence in Euro: 25% of Household Deposits Already in Euros
A significant portion of Bulgarians' savings is already held in euros, signaling the country's readiness for the currency switch, even before its official adoption
Bulgaria's Inflation Expected to Rise Ahead of Euro Adoption
Inflation in Bulgaria is projected to rise ahead of the country’s euro adoption
Transition to Euro: Bulgaria’s National Bank to Stop Announcing Key Interest Rate
The Bulgarian National Bank (BNB) has announced that it will stop publishing the key interest rate following the country's adoption of the euro
Economic Expert Highlights Key Hurdles for Bulgaria’s Euro Transition
Iliya Lingorski, a member of the Bulgarian National Bank's (BNB) Governing Board, highlighted the significant logistical challenges of adopting the euro in Bulgaria
