Bulgaria's Poverty Reality: One-Fifth Below the Line in 2023
The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households
The International Monetary Fund (IMF) said on Tuesday that it expects the Bulgarian economy to grow by a real 3.3% in 2019, up from its October 2018 projection for 3.1% growth, reports SeeNews.
Bulgaria's gross domestic product is then expected to rise by a real 3.0% in 2020, the IMF said in the latest edition of its World Economic Outlook (WEO) report.
Annual average consumer price inflation is seen slightly slowing down from 2.6% last year to 2.4% in 2019, and 2.3% in 2020.
Unemployment is expected to edge down from 5.2% in 2018 to 5.0% this year and in 2020.
Bulgaria’s current account balance calculated as percentage of GDP is projected to fall steadily, but remain positive. The country ended 2018 with a current account surplus of 3.9%, and is expected to post surplus of 1.9% and 1.3% in 2019 and 2020, respectively.
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The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
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