Belgium Pushes for Full Schengen Integration of Bulgaria and Romania
The Belgian Presidency of the EU is spearheading efforts to fully integrate Bulgaria and Romania into the Schengen area
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
The srping World Economic Outlook of the International Monetary Fund has reduced the 2012 economic growth projection for Bulgaria by almost half.
Thus, according to the April 2012 World Economic Outlook of the IMF (Country and Regional Perspectives Chapter READ HERE), the Bulgarian economy is expected to grow by only 0.8% in 2012, down from the fall 2011 World Economic Outlook 2012 projection for Bulgaria which was 1.3%.
According to the new IMF reported released Tuesday, the Bulgarian GDP will register a growth of 1.5% in 2013.
At the same time, however, the Fund projects higher economic growth for the Central and Eastern European countries, also known as "Emerging Europe."
Thus, the emerging economies from CEE combined are expected to grow by 1.9% in 2012, and by 2.9% in 2013.
The fall forecast of the IMF for Emerging Europe was only 1.1% for 2012 and 2.4% for 2013.
The spring World Economic Outlook report of the IMF states that the potential for growth in Emerging Europe will be tightly linked to the developments in the core of the euro zone.
The IMF expects that in 2012 most of the negative consequences of the 2011 slowdown in the euro zone will be absorbed, and trade and manufacturing will start going up both in the euro zone, and globally.
According to the spring WEO of the IMF, Bulgaria's northern neighbor Romania will see a growth of 1.5% in 2012, and of 3% in 2013. Poland will be the champion in Emerging Europe with a growth of 2.6% in 2012, and 3.2% in 2013. Turkey is projected to grow by 2.3% in 2012 and by 3.2% in 2013.
The IMF report predicts that Bulgaria's unemployment rate in 2012 will remain the same as in 2011 – 12.5%, and that it will decline to 12.0% in 2013.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Bulgaria is on track to meet the inflation benchmark required for Eurozone membership by September
Bulgaria emerges as a surprising leader in the realm of gold ownership, securing its position among the top three countries in Europe per capita
Consumers may have noticed a slight uptick in fuel prices over the past month, with gasoline and diesel seeing modest increases in Bulgaria
Bitcoin, the leading cryptocurrency, has surged to a new record high, surpassing $70,000 for the first time and reaching a peak of around $71,300,
The National Statistical Institute (NSI) has released preliminary data revealing that Bulgaria's gross domestic product (GDP) experienced a modest growth of 1.8% in real terms in 2023
According to data from the Institute for Social and Trade Union Research at the National Council of National Statistics, women in Bulgaria receive wages that are on average 12.6 % lower than men, but in several economic sectors, the differences are signif
Norwegian Inspiration: Bulgaria's Move Towards Environmentally Friendly Prisons
Nexo Is Suing Bulgaria For Over $3 Billion