FDI in Bulgaria in January-July 2020 was 1.41B EUR
Foreign direct investment in Bulgaria in the first seven months of 2020 stood at 1.41 billion euro, the equivalent of 2.5 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on September 18.... Read More →
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’s exports in January-July 2020 dropped 7.5% y/y
The total value of all goods exported from Bulgaria in January to July 2020 was 7.5 per cent less than in the same period of 2019, according to figures posted on September 14 by the National Statistical Institute (NSI). Trade... Read More →
Unemployment in Bulgaria in July 2020 was 4.4 %, the EU unemployment rate was 7.2 per cent
Unemployment in Bulgaria in July 2020 was 4.4 per cent, unchanged from June, according to seasonally-adjusted figures published on September 1 by European Union statistics agency Eurostat. The 4.4 per cent represented an estimated 143 000 people in Bulgaria, according... Read More →
Fitch affirms Bulgaria ‘BBB’ credit rating
Fitch Ratings has re-affirmed Bulgaria’s sovereign long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘BBB’ with a stable outlook, but now expects gross domestic product to shrink by 5.7 per cent in 2020, compared to 5.1 per cent... Read More →
Bulgaria H1 2020 Budget surplus at 1.61B BGN
Bulgaria’s Finance Ministry said on July 31 that the consolidated Budget surplus for the first half of 2020 was 1.61 billion leva, exceeding the ministry’s forecast of 1.56 billion leva issued last month. This was a 50 per cent drop... 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 →
Foreign Investments in Bulgaria Increased by 100 Million Euros in the First Quarter of 2020
According to data of the Bulgarian National Bank, foreign investments in Bulgaria increased by 100 million euros in the first quarter of 2020 compared to the same period of 2019. By the end of March, more than 254m euros were invested in... Read More →