2008–09 Ukrainian financial crisis

The IMF Halved its Expectations for the Growth of the Bulgarian Economy in 2023

Bulgaria's economy will grow by 1.4 percent this year, after 3.4 percent growth in 2022. This is stated in the spring forecast of the International Monetary Fund, whose managing director is Kristalina Georgieva. From there, they expect inflation in our country to decrease to 7.5 percent in 2023 after the growth of 13% on an average harmonized basis for 2022.

Bulgaria’s Ministry of Finance predicts a Slowdown in Economic Growth to 1.8% this year

The Bulgarian economy will slow its growth to 1.8 percent this year, according to the spring macroeconomic forecast of the Ministry of Finance.

Due to the Russian war against Ukraine, an alternative scenario has also been developed, according to which the growth of the gross domestic product (GDP) at current prices may deviate downwards by between 0.5 percentage points.

World Bank: Russia's Invasion of Ukraine is hampering Post-Pandemic Economic Recovery

For Bulgaria, the growth forecast is 2.9% for this year.

The ongoing war in Ukraine has clouded prospects for post-pandemic economic recovery in emerging and developing economies in the Europe and Central Asia region, according to the World Bank's latest economic report on the region.

Turkey's unemployment rate rises to 12.6 percent, youth unemployment to 23.3 percent in February

Turkey's unemployment rate was announced at 12.6 percent in the February period, with a 1.7 percent year-on-year increase, official data showed on May 15. 

This rate showed a slight decrease from a seven-year high at 13 percent in the previous month, data from the Turkish Statistics Institute (TÜİK) showed.  

Turkey's foreign trade deficit narrows 25 percent in 2015 amid oil plunge

Turkey's foreign trade deficit narrowed by 25 percent year-on-year in the first 11 months of 2015 thanks to the decline in imports amid the drop in the oil price, according to data revealed by the Turkish Statistics Agency (TÜ?K) on Dec. 31. 

The deficit narrowed to $57 billion in the January-November period compared to the same period of 2014. 

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