Bulgaria reports 0.8% economic growth in Q1 2022
Bulgaria’s economy grew by 0.8 per cent in the first quarter of the year, according to preliminary data announced by the National Statistical Institute (NSI) on June 8. The figure fell short of NSI’s earlier flash estimate of one per... Read More →
Bulgarian economy grew by 2.5% in Q1 2021
Bulgaria’s economy grew by 2.5 per cent in the first quarter of 2021, the National Statistical Institute (NSI) said in a flash estimate on May 18. In real terms, gross domestic product (GDP) in Bulgaria in January-March was 26.44 billion... 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 had third-lowest tax to GDP ratio in the EU
Bulgaria had the third-lowest tax-to-GDP ratio in the European Union in 2018, at 29.9 percent, according to the EU’s statistics agency Eurostat. The statistics agency said that the overall tax-to-GDP ratio means the total amount of taxes and net social... Read More →
Bulgaria’s GDP Grew by 3.3%
The projections for Bulgaria‘s economic growth in 2019 and 2020 remain unchanged – 3.3% and 3.4% respectively. Inflation will be 2.4% this year and 1.7% in 2020, according to the European Commission’s economic forecast.