Economy of Bulgaria
BDZ: Trains Leaving from Sofia Central Station Back on Schedule
Train services leaving from the Sofia Central Station are back on schedule, said the press office of the Bulgarian State Railways (BDZ).
EC with Positive Assessment for Bulgaria
The European Commission (EC) has today published country reports analysing each Member State's key socio-economic challenges.
Bulgaria's report gives a positive assessment of structural reforms and the prevention of macroeconomic imbalances in our country.
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Bulgarians Convert Hundreds of Millions of Leva into Euro
Amidst rumours of a change in the exchange rate of the Bulgarian Lev to the Euro, the public have reacted by converting Leva into Euro on a massive scale.
EUR 3.7 Billion is the Revenue from International Tourism in Bulgaria in 2019
3.7 billion euros are the revenues from international tourism for 2019 in Bulgaria, according to the data of the Bulgarian National Bank, announced today. The results show an increase of 0.4% compared to 2018.
In December 2019 alone, revenues from foreign tourists exceed € 165 million, an increase of 10 percent over the last month of 2018, according to the central
bank.
Eurostat: Euro Area Annual Inflation up to 1.4%
Euro area annual inflation is expected to be 1.4% in January 2020, up from 1.3% in December according to a flash estimate from Eurostat, the statistical office of the European Union.
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NSI: In January - November 2019, Bulgaria's Exports to EU Increase by 3.4% in Comparison with 2018
In the period January - November 2019, Bulgaria's exports to the EU grew by 3.4% in comparison with the same period of 2018 and amounted to BGN 36,223.9 Million, the National Statistical Institute said in a press release. The main trade partners of Bulgaria were Germany, Romania, Italy, Greece, France and Belgium, accounting for 66. 4% of the exports to the EU Member States.
What will the Adoption of the Euro Bring to Bulgaria?
Bulgaria can not expect that by replacing the lev with the euro this will automatically lead to higher growth for the economy. In order to reach it, additional efforts have to be made by the state. The main expected benefit may be the lower cost of doing foreign transactions, which can save the country several million euros a year.
Eurostat: The Annual Inflation in the Euro Area is Expected to Increase
Euro area annual inflation is expected to be 1.3% in December 2019, up from 1.0% in November according to a flash estimate from Eurostat, the statistical office of the European Union.
NSI: Bulgaria's Exports to the EU Аre Increasing
In the period January - July 2019, Bulgaria's exports to the EU increased by 4.8% compared to the same period of 2018 and amounted to BGN 22 629.6 million. In July 2019, exports to the EU increased by 3.0% compared to the same month of the previous year and amounted to BGN 3 600.0 million.
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Bulgaria over the Next 5 Years: Wages Jump by 40%, GDP Rises, but the Demographic Crisis Continues to Deepen
The economic forecasts for Bulgaria for the next few years are quite positive. This is indicated by statistics released by the Statista covering the period 2014 to 2024.