EBRD Doubles Investments in Bulgaria, Boosting Key Sectors in 2024
The European Bank for Reconstruction and Development (EBRD) has significantly increased its investments in Bulgaria for 2024
The European Bank for Reconstruction and Development (EBRD) has downsized its 2015 GDP growth forecast for Bulgaria to 0.8% from a rate of 2% in September 2014.
If the forecast of the EBRD is fulfilled, 2015 will be a year of substantial slowdown in economic growth, following GDP growth rates of 1.1% in 2013 and 1.5% in 2014, according to the EBRD’s latest economic outlook, published on January 19, as cited by the Bulgarian National Radio.
EBRD economists expect Russian GDP to shrink by 4.8%in 2015, a major downward revision from September’s forecast of a contraction of 0.2%.
According to the report, a sharp oil price decline placed additional burden on Russia, whose economic growth was already slowing down amid uncertainty and weak investor confidence after the imposition of sanctions in 2014.
EBRD experts expect Russia’s problems to also affect Eastern European countries with close links to Russia.
The Ukrainian economy is expected to shrink by 5% in 2015, compared to a 3% contraction predicted in September 2014.
On average, the economies of the 35 countries in which the EBRD operates are expected to see a contraction of 0.3% in 2015, after a forecast of 1.7% growth in September 2014.
Bulgaria has the lowest minimum wage among the European Union member states as of January 2025, standing at 551 euros
Since being created as a joke cryptocurrency , Dogecoin has become a popular cryptocurrency with an active community of developers, traders, and investors.
Economists have urged Bulgaria’s leadership to submit an application to the European Commission and the European Central Bank for an extraordinary convergence report on joining the eurozone
Representatives of Bulgaria’s ruling coalition have once again highlighted a significant deficit in the state budget, with Stanislav Balabanov from "There Is Such a People" (TISP) stating that 2025 will be a transitional year regarding the eurozone
Valeri Belchev, former acting Minister of Finance, recently expressed strong concerns about Bulgaria's financial management, particularly focusing on the lack of proper budget management tools
Kalin Hristov, former deputy governor of the Bulgarian National Bank and former finance minister, expressed concern over the public discourse on key economic issues
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