Economy of the European Union

The European Commission Raised Bulgarian GDP Growth Forecast for 2019 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.

EBRD improves its growth forecast for Romania in 2019

The European Bank for Reconstruction and Development (EBRD) has improved its estimates of Romania's economy in 2019 and maintained its 2020 GDP forecast, according to a press statement released on Wednesday by the bank. According to the latest EBRD forecasts, Romania's economy is expected to grow 4pct this year, up from its previous estimates of May 2019's 3.2pct.

Bulgaria Ranks 4th in the EU in Terms of Investment from the Juncker Plan

As one of the MEPs who worked most actively on the creation and distribution of the European Fund for Strategic Investments under the Juncker Plan, I am proud that Bulgaria ranks fourth in the European Union in terms of attracted investment in terms of gross domestic product.

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