Brussels: Bulgaria's economy will grow despite concerns
The European Commission has revised its economic forecast for the EU economic area, downgrading its expectations for the next year. However, Bulgaria maintains stable growth projections of 1.9% for 2024 and 2.5% for 2025, despite anticipated inflation slowing to 3.4% in 2024 and 2.9% in 2025. Domestic consumption is expected to remain the main economic driver, although at a reduced rate, while export challenges persist from 2023. The trajectory largely depends on labor market dynamics and the delayed impact of Eurozone interest rates.
Brussels also foresees increased investments in Bulgaria due to better absorption of European funds, including those from the recovery plan.
David Cameron visits Sofia
The UK's Foreign Secretary, David Cameron, highlighted Bulgaria's significance as an economic partner, European ally, and NATO collaborator after meeting Prime Minister Nikolay Denkov and Deputy Prime Minister Mariya Gabriel on Wednesday.
Discussions centered on enhancing support for Ukraine and Bulgaria's contribution to combating migrant trafficking. London has earmarked £1.2m to support Bulgaria's defense, including border surveillance drones, vehicle inspection training, sniffer dog training equipment, and thermal imaging cameras.
Cameron's visit will extend to Poland and Germany, with participation in the Munich Security Conference.
Boleron concludes public offering
Insurance fintech company Boleron has completed its public offering on the BSE's Beam segment, achieving success despite pricing at the lower end. The shares will be priced at 3.32 levs, as confirmed on February 15.
Boleron, which specializes in online insurance sales, raised 3.17 million levs through the market for small and medium-sized enterprises by issuing 955,051 new shares, although it initially aimed to raise between 3 and 12 million levs to fuel its expansion in the Balkans, with Romania identified as a top priority.
Brussels: Bulgaria's economy will grow despite concerns
The European Commission has revised its economic forecast for the EU economic area, downgrading its expectations for the next year. However, Bulgaria maintains stable growth projections of 1.9% for 2024 and 2.5% for 2025, despite anticipated inflation slowing to 3.4% in 2024 and 2.9% in 2025. Domestic consumption is expected to remain the main economic driver, although at a reduced rate, while export challenges persist from 2023. The trajectory largely depends on labor market dynamics and the delayed impact of Eurozone interest rates.
