ECONOMIC GROWTH 5.8% IN 2000

Business | May 18, 2001, Friday // 00:00

The economic growth was 5.8 percent in 2000, the Agency for Economic Analyses and Forecasts (AEAF) said in its annual report. The growth resulted from the increased net exports and services and the fine performance of industry, Mariela Nenova, AEAF CEO specified. Direct foreign investments and IFI crediting balanced the negative trade balance, the report reads. 2000 inflation leveled at 11.4 percent due to the depreciation of the EUR against the USD and the increased international oil prices. The major domestic inflation leverage was the appreciation of foods, Nenova said.

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