European Commissions Raises Bulgaria GDP Growth Forecast To 3.6%

Economic growth in Bulgaria would slow down over the next 2 years, but would remain close to its potential, according to the European Commission’s autumn report. Brussels expects a moderate pace of Bulgarian exports, a fall in inflation, budget surplus and a continuing decline in public debt, BNR reported.

The European Commission has raised its forecast for the growth of Bulgarian GDP in 2019 by 0.3% to 3.6%. For 2020, a sharp slowdown in growth to the level of 3.0% is expected. The Commission’s estimates differ from the expectations of the Bulgarian Ministry of Finance. Sofia has projected GDP growth of 3.4 per cent in 2019 and 3.3 per cent in 2020.

Read More

Bulgaria & Australia Work For Increased Trade Cooperation

A group of Bulgarians from different business spheres has established an Australian-Bulgarian Business Council aimed at deepening trade and economic ties between Bulgariaand Australia,...

Greeks Entrepreneurs Increasingly Moving To Bulgaria & Cyprus

The mass migration of Greek businesses and freelance workers continues unabated as they escape the over taxation and huge social security contributions at home. The...

Lego Promises To Start Recycling Toys

Lego offers an option to recycle old and unwanted bricks from the constructor and send them to new recipients, according to an Associated Press.

Recent

Bulgaria-Romania Pipeline Opening This Summer

The Austrian company Habau is to complete the long-anticipated first gas interconnector between Romania and Bulgaria by August 2016 after it signed a contract...

Liberty House Announces 300 mil Euro Investment in Romania

Liberty House Group plans to invest 300 million euro ($338 million) in its recently-bought steel mill in Romania's Galati, the Romanian government said. "The plant...

Media Freedom Still Under Threat In Southeast Europe

Media freedom in most of the SEE countries is still threatened by political and economic intervention, as this worrying trend is most...