Second Quarter Sees Bulgaria's GDP Rise by 2.1%, Industry and Services Lead Growth
In the second quarter of 2024, Bulgaria's gross domestic product (GDP) grew by 2.1% compared to the same period in the previous year
Caretaker PM Georgi Bliznashki will table a draft proposal for the an update of Bulgaria's state budget on Tuesday.
According to Bilznashki this must be priority number one on the agenda of the Mps.
According to the draft, the budget deficit will reach 4% of the country's GDP, or by more than BGN 1 B above the initially provided.
The other two parties in the tripartite council – employers and trade unions - have disagreed with the proposed deficit above 3% of GDP and a new state debt.
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In 2023, approximately 2,400 Bulgarians earned monthly incomes exceeding 50,000 leva (around 25,000 euros)
By the end of July 2024, Bulgarian banks reported a profit of 2.1 billion leva, marking an increase of 115 million leva compared to the same period in 2023
In Bulgaria, there has been a significant rise in the use of quick loans, a trend driven by several factors
The recent record high in gold prices has sparked discussions among financial analysts about its implications for the economy
The Ministry of Finance in Bulgaria has introduced a draft Law on Cryptoasset Markets aimed at regulating the trading of crypto-assets
Bulgaria has taken on new foreign debt amounting to 3 billion euros and 1.5 billion US dollars
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