Bulgaria's Road to Eurozone Stalled: Political Crisis Inflicts Billion-Lev Blow
As Bulgaria grapples with a deepening political crisis and the looming specter of early elections, the economic ramifications are starkly evident
The International Monetary Fund (IMF) gave a bleak forecast of the Venezuelan economy. According to fund experts, in the next 2018, inflation in Venezuela could reach 2300%.
According to the Interior Ministry, the most serious obstacle to economic activity is the intensification of the political crisis in the country. Due to the decrease in oil production and the deterioration of the security situation, the decline in economic activity is expected to be around 10%.
IMF forecasts are also for a 12% drop in GDP by the end of 2017. Venezuelan President Nicholas Maduro previously asked for a forum for oil producers.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Amidst discussions about Bulgaria's journey towards joining the Eurozone, Deputy Governor of the Bulgarian National Bank (BNB), Petar Chobanov, highlighted the robustness of Bulgaria's banking system, stating it aligns closely with Eurozone standards
In a recent interview with BTA, Kristalina Georgieva, Managing Director of the IMF, emphasized the importance for Bulgaria to seize the opportunity to adopt the euro, stressing that it is achievable with the right political will
In its latest macroeconomic forecast released on Tuesday, the Bulgarian National Bank (BNB) anticipates a 2.2% increase in Bulgaria's Gross Domestic Product (GDP) for the year 2024, compared to 1.8% in 2023
As Bulgaria inches closer to potential entry into the Eurozone, a closer examination of the nation's banknote circulation provides valuable insights into its monetary landscape
In a recent report by the National Statistical Institute, Bulgaria's annual inflation rate for March witnessed a notable deceleration, settling at 3% compared to the previous month's figure of 3.0%
As Bulgaria grapples with a deepening political crisis and the looming specter of early elections, the economic ramifications are starkly evident
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022