Gross domestic product

At the end of July 2024, Bulgaria's gross external debt reached 43.69 billion euros, or 43.6% of the country's GDP, marking an increase of 1.23 billion euros compared to the same period in the previous year, when the debt stood at 42.46 billion euros, or 45.2% of GDP. This is according to data from the Bulgarian National Bank.

The six critical milestones of the Medium-term Fiscal and Management Plan 2025-2028 that the Greek government will submit to the European Commission were presented by Kostis Hatzidakis to the House Economic Affairs Committee.

The Minister of National Economy and Finance said that Ecofin will certify in the near future that:

The Medium-Term Plan 2025-2028 the National Economy and Finance Ministry presented on Monday foresees a return to the years before the bailouts in terms of basic fiscal figures, such as debt, but also macroeconomic ones, such as GDP.

BELGRADE - Serbian MPs passed on Monday a supplementary budget bill under which the state budget for 2024 is increased by 132.5 bln dinars to 2,173 bln dinars.

A hundred and thirty-six MPs voted in favour, 51 voted against, there were no abstentions and six MPs took no part in the vote.

The Medium Term Structural Fiscal Plan 2025-2028 is presented by the Minister of National Economy and Finance Kostis Hatzidakis along with Deputy Minister Thanos Petralia.

The contribution of industry to Greece's growth in rising, according to economic reports from banks based on Hellenic Statistical Authority (ELSTAT) data.

"On the supply side, the industrial sector was by far the largest contributor to the strengthening of domestic economic activity in Greece in the first half of 2024," Eurobank reported a few days ago.

The Bank of Greece forecasts slightly accelerated growth rates in 2024-2025, in its "Note on the Greek Economy" report, published on Monday. It forecast an increase in the country's gross domestic product by 2.2% from 2% in 2023, while in 2025 the rate is expected to increase to 2.5% of GDP before easing back to 2.3% in 2026.

Bulgaria has been identified as the EU country with the highest income inequality, a situation exacerbated by the implementation of a flat income tax system.

BELGRADE - Serbian PM Milos Vucevic on Monday chaired a session of a government council tasked with coordinating activities and measures aimed at GDP growth.

The Greek economy expanded at a rate of 2.3% in the second quarter of 2024 compared to the same period of the previous year. That is a pace in line with the government's forecast for 2.5% growth for the year overall, according to economists, although most forecasts are still in the 2% to 2.4% range.