The European Commission expects a Slowdown in Bulgaria's GDP growth to 1.5% and Inflation to 9.4% in 2023

Economic expansion in Bulgaria is expected to slow in 2023 before picking up in 2024, according to the European Commission's "spring forecasts".

After GDP growth of 3.4% last year, the EC expects it to slow to 1.5% in 2023 before accelerating to 2.4% in 2024.

Goods made in Cyprus see prices grow

Industrial producer prices, which refer to the prices that producers receive for the products they make, increased by 2.4% in Cyprus in March 2023 compared to the previous month, according to the statistical office of the European Union, Eurostat. Meanwhile, prices decreased by 1.6% in the eurozone and by 1.5% in the EU during the same period.