Bulgaria raises 2.5 billion euro with two long-term bond issues
Bulgaria’s Finance Minister Kiril Ananiev said on September 16 that it has sold 2.5 billion euro in 10-year and 30-year eurobond issues on international markets, with the funds slated to finance the government’s economic measures to blunt the impact of... Read More →
Bulgaria accepted into ERM2 euro zone ‘waiting room’
The European Central Bank (ECB) said on July 10 that Bulgaria and Croatia have been accepted to join the Exchange Rate Mechanism (ERM2), the euro zone’s “waiting room”. The two countries can join the euro area after spending at least... Read More →
First Sod of The Supercomputer made in Sofia. Bulgaria Becoming a Digital Hub in the Region
“With its huge power, the supercomputer in Bulgaria will be able to make billions of operations, comparisons and conclusions within an hour. The heat generated by it will be used to heat neighboring buildings. After its construction, Bulgaria will establish itself as a digital hub in... Read More →
Bulgaria reports 0.3% economic growth in Q1 2020
Bulgaria’s economy grew by 0.3 per cent in the first quarter of the year, according to preliminary data announced by the National Statistical Institute (NSI) on June 4. The figure was in line with NSI’s flash estimate released last month.... Read More →
Bulgaria’s BBB credit rating, outlook revised to stable
S&P Global Ratings has re-affirmed its long- and short-term foreign and local currency sovereign credit ratings on Bulgaria at ‘BBB/A-2’, but downgraded its outlook from positive to stable. The change in outlook was due to the “significant deterioration of growth... Read More →
Income of Bulgarians Increases by 12% for the First Quarter
An increase in the income of Bulgarians of over 12% at the beginning of the year was reported by the National Statistical Institute. The average income already exceeds BGN 1,700 per month. At the same time, the total costs increase... Read More →
Increase in the International Tourism Revenues in Bulgaria
International tourism revenues in Bulgaria over the January-November 2019 period amount to EUR 3.6 billion, the Bulgarian National Bank has announced, BNR reported. Even though it was a difficult year there is a minimal growth of 0.02 percent compared to the same... Read More →
Bulgaria records 0.7% economic growth in Q3 2019
Bulgaria’s economy posted 0.7 percent growth in the third quarter of the year, the National Statistical Institute (NSI) said, in a flash estimate on November 14. In real terms, gross domestic product (GDP) in Bulgaria in July-September was 31.5 billion... Read More →
Bulgaria records 0.8% economic growth in Q2 2018
Bulgaria’s economy posted 0.8 per cent growth in the second quarter of the year, the National Statistical Institute (NSI) said in a flash estimate on August 14. In real terms, gross domestic product (GDP) in Bulgaria in April-June was 26.05... Read More →