Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Raiffeisenbank: Bulgaria's Economy to Grow by 3% 2011
Date: 05/01/2011
Raiffeisenbank: Bulgaria's Economy to Grow by 3% 2011

Raiffesen Bank Bulgaria has dropped its expectations for the county's economic growth in 2011 from 3% to 2.7%.

The bank's monthly analysis states that the external economic environment is favorable for the development of Bulgaria's economy, but that the recovery from the financial crisis will hardly be felt in the internal market.

In 2010's third quarter, the country saw a 1% economic growth year on year, in comparison to 0.5% in the previous quarter. The main reasons for that was the fast increase in exports and the development in the agricultural and service sectors.

The consumption in Bulgaria has worsened, which has led to savings increasing to as much as 22% of GDP between October 2009 - September 2010. In comparison, the percentage was 9 in 2007.

According to Raiffaisen Bank Bulgaria, the tendency of increased household savings has probably brought about a further drop in interior demands, which is expected to have led to a 0.2% decrease in GDP. The GDP is estimated at BGN 194 B.

On Wednesday, Economy and Energy Minister Traicho Traikov stated Bulgaria's economy will register growth between 2% and 3.6% in 2011.

Topic: Business

Featured District
Invest Bulgaria Charts
FDI as Percent of GDP in Bulgaria
FDI as Percent of GDP in Bulgaria

Gross Domestic Product of Bulgaria
Gross Domestic Product of Bulgaria

See all charts
Did You Know?
Bulgarian Name Days
Bulgarian Name Days
In Bulgaria, Name Days are celebrated in addition to birthdays. A Name Day is celebrated by people ... More

Madara Horseman is an expressive bas-relief from 7th century, carved high out of the sheer rock, and depicting a horseman spearing a lion. It symbolizes greatness of the ruler and the power of his state. Europe's only rock relief dating from the early Middle Ages. Located 20 km from the town of Shoumen, NE Bulgaria.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2020 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.

SEO оптимизация Bulgaria Translation Bulgarian Agriculture Bulgarian Textile Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.

Our Featured Members