Send to Kindle
The European Bank for Reconstruction and Development (EBRD) has revised its growth forecast for Bulgaria's economy for the upcoming two years, as reported by BTA. The bank now expects a slowdown of 0.4% this year, predicting a growth rate of 2.2%, down from previous estimates.
Looking ahead to next year, the EBRD has adjusted its projection from 3% to 2.9%. Overall, expectations for the entire Southeast Europe (SEE) region have also been lowered, with growth anticipated to decline from 2% in 2023 to 1.9% this year, reflecting a revision of 0.9%. The bank attributes the downward trend for 2024 to sluggish industrial production and decreased demand for outsourcing services.
Additionally, the EBRD has slightly revised its overall economic forecast for the regions where it invests, predicting a growth rate of 2.8 percent for 2024, which is 0.2 percentage points lower than the forecast made in May, and an increase to 3.5 percent for 2025, which is 0.1 percentage points below the previous estimate.
The 2024 Human Freedom Index (HFI), compiled by the Cato Institute and the Canadian Fraser Institute, evaluates personal and economic freedoms across 165 countries
In 2024, Bulgaria’s electricity sector faced significant challenges, with a sharp decline in exports and a rise in domestic consumption
In late December, three migrant teens died in Bulgaria after being abandoned in the forest near the border with Turkey
The weather on January 15 is expected to be predominantly cloudy throughout Bulgaria, with occasional light snow showers, especially in the southern regions
On January 15, a ceremony at the Naval Headquarters in Varna will mark the handover of command of the Naval Mine Countermeasures Group in the Black Sea
Bulgaria has extended an offer to North Macedonia
IONmining As the cryptocurrency market is booming, ION Mining has launched a new New Year's Eve event to help users start their digital asset investment journey in 2025.
The Bulgarian National Bank (BNB) has adopted a new regulation outlining the framework for providing emergency liquidity support to solvent banks once Bulgaria joins the Eurozone
Several banks in Bulgaria have recently announced changes to their fees
Petar Ganev, a senior researcher at the Institute for Market Economics, stated in an interview with Bulgarian National Radio that it is highly likely Bulgarians will begin making payments in euros starting from January 1 next year
Bulgarian businesses are facing significant financial losses due to delayed membership in the eurozone and Schengen area, missing out on billions in export potential
Bulgaria is currently meeting the Maastricht criteria required for eurozone membership, with its macroeconomic indicators indicating a stable path toward adopting the euro
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability
