Bulgaria requests to revise its Recovery and Resilience Plan and add
On 16 April, Bulgaria submitted a request to the Commission to revise its Recovery and Resilience Plan in accordance with Article 21 of the Recovery and Resilience Facility (RRF)
On 16 April, Bulgaria submitted a request to the Commission to revise its Recovery and Resilience Plan in accordance with Article 21 of the Recovery and Resilience Facility (RRF)
Following the unprecedented crisis caused by the COVID-19 pandemic, Bulgaria''s recovery and resilience plan has responded to the urgent need to foster a strong recovery, while making Bulgaria''s
In its latest Economic Survey of Bulgaria, the Organisation for Economic Co-operation and Development (OECD) concludes that boosting business productivity and addressing fiscal pressures
Bulgaria''s real GDP fell by 4.4% in 2020 and by 0.4% in 2020 and 2021 combined. Consumer spending and exports, supported GDP growth, while investment in fixed assets declined
Sources from the European Commission confirmed that the closure has triggered a demand for repayment, following consultations with members of the Bulgarian government and parliament.
As noted in a 2023 study on behalf of the European Parliament, owing to the expected inflation, Bulgaria opted for reduction and cancellation of certain projects that were no longer feasible. In April 2025,
However, weak foreign demand translated into struggling industrial output, which declined by 5.2 per cent year on year in June 2024. As a result, the trade deficit widened in 2024, reflecting the strong
umer lending eased somewhat. The corporate lending book expanded by 8.8 per cent in the same period, reflecting favourable interest-rate condition and robust domestic demand. Interest rates on
The protests in the capital Sofia and dozens of other towns and cities across the Black Sea nation are the latest in a series of rolling demonstrations and come as Bulgaria prepares to
Since some of the proposed modifications concern outstanding issues under the second payment request, on April 17 Bulgaria requested, in agreement with the Commission, to withdraw the
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