Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
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)
NEWS BY SECTOR
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)

EIU: Bulgaria Economy to Grow by 3.8% in 2011-15
EIU: BULGARIA ECONOMY TO GROW BY 3.8% IN 2011-15
Date: 12/01/2011
Source: novinite.com
EIU: Bulgaria Economy to Grow by 3.8% in 2011-15

Bulgaria's real GDP, which contracted in 2009 and grew by an estimated 0.1% in 2010, is forecast to expand with an annual average growth of around 3.8% in 2011-15, according to the latest report of the Economist Intelligence Unit (EIU).

This year real GDP is expected to grow by 2.6%.

Annual inflation is forecast to increase to 3.3% in 2011 from an estimated 2.4% in 2010, before averaging around 3% in 2011-15, says the January Country report Updater for Bulgaria by The Economist's analytical unit.

In October the consolidated general government budget recorded a significant deficit, of Lv385m (US0m), which pushed up the accumulated deficit for the first ten months to Lv1.9bn (US.3bn), or 2.5% of estimated 2010 GDP.

Nevertheless, the CEDB is highly unlikely to breach its 2010 deficit target of 4.6% of GDP, the analysts say.

They expect that after narrowing dramatically in 2009-10, the current-account deficit will widen modestly in 2011-15.

Given Bulgaria's high level of external debt, as well as risks of fallout from the Greek crisis, there is a small possibility of Bulgaria requiring external assistance from the IMF and the EU, according to the analysts.

Vexed credit conditions will continue to constrain private consumption and capital spending, they say.

In the report, it is noted that after a resounding victory in the election in July 2009, Citizens for European Development of Bulgaria (CEDB) rules alone, despite the absence of a majority in parliament.

According to EIU increasing criticism from the Blue Coalition may make the CEDB reliant on the nationalist Ataka party for passing legislation in parliament.

The EU will demand more tangible results in the fight against corruption and organized crime.


Topic: Business



Featured District
BOURGAS DISTRICT AND CITY INFORMATIONBourgas
Invest Bulgaria Charts
Current Account as Percent of GDP
Current Account as Percent of GDP

Final Consumption of Bulgaria
Final Consumption of Bulgaria

See all charts
Did You Know?
New Sofia Airport
New Sofia Airport
Since 2006, Sofia has a modern brand new international airport that matches the finest airports in ... More

Vladimir Dimitrov - The Master is one of the most famous Bulgarian painters, specializing in rural and landscape themes.

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

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2019 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 BestFlowers.bg 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