OECD Lowers Bulgaria’s Growth Forecast, Sees Moderate Expansion Through 2026
The Organization for Economic Co-operation and Development (OECD) now expects Bulgaria’s economy to grow by 2.6% in 2025
''Bulgaria may fail to achieve even the forecast economic growth of around 3% in 2018'', said the economist Krasen Stanchev, according to FOCUS Radio’s Good Morning Bulgaria.
''This government is starting with a very bad plan'', he said, mentioning a revision of privatization deals and work in the pension sector, which demotivates people from paying. At the same time there is too much drifting along.
With its decision to ban the privatization of state-owned assets the government is returning to practices from 2004, when the privatization of Bulgartabak was halted.
If traders attempt to unjustifiably raise prices during the transition to the euro, the National Revenue Agency (NRA) will detect it through discrepancies in VAT declarations
In recent weeks, Bulgaria has seen a noticeable uptick in demand for euro banknotes
The adoption of the euro in Bulgaria is not expected to cause fast loans to become more expensive
Although converting leva into euros may appear straightforward - just divide by the fixed rate of 1.95583 - reality brings far more complexity
The Bulgarian National Bank will stay the course with its conservative and stability-oriented monetary policy even after the country enters the eurozone
The demand for euros in Bulgaria has surged by about 50%
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