All News on Economics in Bulgaria
"The world economy today is $ 160 trillion poorer, because women in the world are still not completely equal with men, which I call one of the most expensive problems mankind faces." With these words, World Bank Chief Executive and World Bank President Kristalina Georgieva launched the forum, where the report "Women, Business and Legislation 2019: A Decade of Reforms" was presented, reports Cap
Exports to third countries have shrunk by 10.6% between January and October compared to the same period of last year, national statistics show.
The amount exported for that time was BGN 11.973 B, with Turkey, Macedonia, Serbia, China, Russia and the US being the main non-EU partners for Bulgarian goods.
Bulgarian exports to the European Union increased by 6% between January and September compared to the same period of last year, national statistics show.
Exports amounted to BGN 23.0345 B in the first nine months of the year, according to preliminary data of the National Statistical Institute (NSI).
Political instability in Bulgaria is likely to mar optimistic forecasts for economic growth next year, said economists from the Institute for Market Economics.
According to the latest expectations of the European Commission and the International Monetary Fund, the growth of Bulgaria's economy will be around 2.5% - 3% in 2017.
Foreign direct investment (FDI) into Bulgaria was 21% less in the first nine months of 2016 compared to the same period of last year, central bank statistics show.
According to data from the Bulgarian National Bank (BNB), FDI for January - September 2016 amounted to EUR 1.3 B, which is 2.8% of Bulgaria's gross domestic product (GDP).
In September, Bulgaria's balance of payments remained positive and marked an improvement for the first nine months of the year, showed data of the Bulgarian Central Bank (BNB).
The current and capital accounts balance of Bulgaria was positive in September and amounted to EUR 417.1 M, given a surplus of EUR 292.2 M exactly a year ago.
The gross domestic product (GDP) of Bulgaria expanded by 3.5% between July and September compared to the same period of last year, national statistics show.
The national output for the third quarter of 2016 was also 0.8% bigger compared to the previous quarter, according to seasonally adjusted data of the National Statistical Institute (NSI).
Bulgaria's gross external debt totalled EUR 34.694 B at the end of August 2016, preliminary data of the Bulgarian National Bank (BNB) shows.
The sum is the equivalent of 76.3% of Bulgaria's gross domestic product (GDP).
This constitutes an increase of EUR 606.4 M (1.8%) compared to the end of last year, when it stood at EUR 34.088 B, or 75.3% of GDP.