BULGARIAN ECONOMY
Bulgaria's GDP growth to speed up in 2019 on fiscal stimulus
Bulgaria's economic growth is expected to speed up from 3.5% last year to 3.9% in 2019 on the back of moderate fiscal stimulus and acceleration of investment activity, Italian financial group UniCredit said.
"Among the planned measures, the boost in infrastructure spending and the increase in public sector wages are expected to be the most effective in supporting domestic demand in 2019," UniCredit said in a quarterly macroeconomic report on Central and Eastern Europe.
Bulgaria's gross domestic product growth is then expected to slow down to 3.0% in 2020 as a result of the cyclical downturn anticipated in advanced economies and tighter financing conditions.
A sharp drop in export volumes to Turkey was among the major hurdles to Bulgaria's economic expansion in 2018. The forecast acceleration of the Turkish economy in the next few years is expected to limit the decrease in Bulgaria's exports to the country in 2019, before they start increasing in 2020.
As Bulgaria's unemployment rate is projected to drop below 5% this year, job creation is expected to lose some momentum.
NEWS FROM BCCI
The Bulgarian Chamber of Commerce and Industry assumed the rotating presidency of the Association of the Organizations of Bulgarian Employers for 2019
Meeting with Meglena Plugchieva – the new Bulgarian Ambassador to Montenegro
Activation of trade turnover and investment – in the focus of discussion
ОщеThe Chairman of the Iranian – Bulgarian Business Association visited BCCI
A Joint Committee on Trade to be set up in order to promote contacts between companies from both countries
ОщеExpansion of the bilateral economic cooperation between Bulgaria and Spain
Meeting with the Presidents of the Spanish - Bulgarian Chamber of Commerce in Madrid and the Bulgarian - Spanish Business Council at BCCI
Още
INTERNATIONAL COOPERATION
Vietnam and Bulgaria boost trade and investment
Vietnam-Bulgaria Trade Promotion and Investment Centre will help leading businesses of Vietnam and Bulgaria implement joint economic projects in the two countries
Още
BULGARIAN ECONOMY
NSI: Industrial production in Bulgaria up 0.4% MoM in November
Turnover in retail trade grew 0.8% MoM; compared to a year earlier its growth was 6.5%
ОщеBulgaria's GDP growth to speed up in 2019 on fiscal stimulus
From 3.5% last year to 3.9% in 2019
Още
FINANCE
Bulgaria is hoping to spend no more than 2 years in the Eurozone “Waiting Room”
According to Bulgarian Deputy Minister of Finance Marinela Petrova
ОщеThe VAT e-commerce package and the MOSS - what changes on 1 January 2019?
