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Wealthier, spending less and slowly recovering: the Bulgarian economy at the end of 2020

Wealthier, spending less and slowly recovering: the Bulgarian economy at the end of 2020

Unsurprisingly, GDP shrank in the fourth quarter. Wages were up, exports made a surprising comeback in December, and deflation will return for a while


A lady you don't want to meet, 3 ways to look at the economy, and why you have to watch your steps

A lady you don't want to meet, 3 ways to look at the economy, and why you have to watch your steps

K Insights 19/02: Economy fares better than forecast, why we don't have good trains



Debt piling up

Debt piling up

Public debt will increase by 15 billion levs in 4 years to reach 30% of GDP by 2023


Bulgaria's budget in crisis

Bulgaria's budget in crisis

Balanced fiscal policy takes a sharp turn towards rapid spending in the hope of election win next year


Corona-debt

Corona-debt

Bulgaria raised 2.5 billion euro through the sale of Eurobonds under favorable conditions in September. The question is what the GERB-led government coalition will do with the money


The last strong year

The last strong year

The revenues and profits of the largest companies in Bulgaria increased rapidly last year but the Covid-19 crisis has put an end to a decade of growth


Economic growth slips

Economic growth slips

Bulgaria’s economic growth slows to six-year low of 2.4% in the first quarter of 2020. Timid signs of recovery can already be seen but it is still too early for optimism


Six lessons from COVID 19

Six lessons from COVID 19

Bulgaria weathered the first part of the pandemic unexpectedly well but then started failing


Economic outlook for Bulgaria remains (relatively) rosy

Economic outlook for Bulgaria remains (relatively) rosy

The chances of an impending recession are slim, the country’s forecast looks good compared to rising pessimism in Europe


Budget misspending

Budget misspending

Reform of public spending in a changing global environment


A budget to appeal to everyone

A budget to appeal to everyone

There is enough room for maneuvering in case of an economic downturn but reforms are nowhere in sight


Storm clouds gather over Europe's economy

Storm clouds gather over Europe's economy

Bulgaria’s economic growth slows to 3.3% in the second quarter of 2019, in line with the general European trend


The Battle for Sofia

The Battle for Sofia

After 14 years of undisputed GERB hegemony in Bulgaria’s capital city, Mayor Yordanka Fandakova finds a worthy opponent in ex-ombudsman Maya Manolova


With its head buried in the coal

With its head buried in the coal

Bulgaria is the only EU Member State with a significant coal sector that hasn’t begun restructuring


When Europe catches a cold

When Europe catches a cold

The European economy is losing steam, and Bulgarian national statistics show a disappointing investment and consumer activity


Is Bulgaria,s real estate market maturing or overheating?

Is Bulgaria,s real estate market maturing or overheating?

The growth in activity and prices has noticeably slowed but there are no indications of a drop


Unprecedented growth

Unprecedented growth

The Gepard ranking of the most dynamic small or mid-sized companies in Bulgaria in 2017 comprises more enterprises that at any time over the past four years


Bulgaria’s economy loses steam

Bulgaria’s economy loses steam

Gross domestic product growth slowed down to 3.0% year-on-year in the third quarter due to weakening exports and investment