World Bank Lifts Bulgaria’s 2025 Growth Forecast to 3%
The World Bank has revised upward its outlook for Bulgaria’s economy, projecting a 3% increase in gross domestic product (GDP) for 2025
World Bank OKs Loan to Bulgaria's Deposit Insurance Fund
- Tweet
Send to Kindle
File photo, EPA/BGNES
The World Bank has said it approved on Friday a EUR 300 M loan to the Bulgarian Deposit Insurance Fund (BDIF).
The 10.5-year loan has a grace period of six years.
By receiving the funds, the BDIF will be able to help ease the burden on the state budget and increase its reserve assets, contributing to a higher trust of depositors in the banking system, the Bulgarian National Radio quotes Tony Thompson, World Bank Country Manager for Bulgaria, the Czech Republic and Slovakia, as saying.
The BDIF used the bulk of its reserves to cover billions in assets of deposit holders at insolvent Corporate Commercial Bank (KTB), which was placed under supervision from the central bank in June 2014.
As of end-2015, the BDIF has BGN 486 M (EUR 248 M) at hand, most of them in state securities. The government says it needs a total of EUR 500 M to ensure stability of the banking system in the long-term.
Related Articles:
Bulgaria Sets Poverty Bar Well Above New World Bank Global Minimum
The World Bank has recently updated its international poverty line, raising it to $3.00 per day
Society | June 23, 2025, Monday // 09:27
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
Corporate Commercial Bank Begins Payments to Creditors After 10-Year Bankruptcy
Trustees of Corporate Commercial Bank (CCB), currently in bankruptcy, announced the commencement of payments to creditors starting at 09:00 on November 5, 2024
Bulgaria Joins High-Income Nations for the First Time, Says World Bank
For the first time, Bulgaria has been classified among the countries with high national income according to the World Bank's classification
World Bank Shocks with Bleak Economic Prediction for Bulgaria
The World Bank has revised its economic forecast for Bulgaria downward for the third consecutive time, according to its latest summer report
Bulgaria: Economy Produces 5,216 Euros Per Capita in Q4 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
Bulgaria Completes Euro Transition Period, Euro Circulation Fully Secured
Bulgaria has effectively completed the transition period for adopting the euro, though formal legal adoption remains pending
Central Bank Chief: Euro Adoption Successful, Growth Steady, Inflation Easing in Bulgaria
Bulgarian National Bank Governor Dimitar Radev took part in a meeting of EU Heads of Mission held under the European Presidency of the Republic of Cyprus
87% of Leva Withdrawn as Over €7.5 Billion Circulates in Bulgaria
As of February 27, 2026, the withdrawal of leva banknotes and coins and their replacement with euro cash is proceeding under the established legal framework and operational plans, the Bulgarian National Bank (BNB) reported.
Bulgaria’s External Debt Surges to Over €25 Billion
Bulgaria’s external debt reached just over €25.37 billion at the end of 2025, Acting Finance Minister Georgi Klisurski reported
Bulgaria: Caretaker Cabinet Approves Amendments to Budget Extension Law
At a session of the Council of Ministers, the government approved a draft law amending and supplementing the existing budget extension legislation, the acting Minister of Finance Georgi Klisurski announced.
