BULGARIAN ECONOMY

The Bulgarian parliament passed the Bugdet 2012. According to the budget the growth of the Bulgarian economy in 2012 will be 2.9%. However, according to the National Statistics Institute the Bulgarian econcomy has slowed down in the last quarter of 2012. The Bulgarian GDP has not changed in the period July – September 2011 and has increased by 1.3% on an annual bassis. Usually the summer months are considered very good for the Bulgarian economy because of the expected income from tourism. The expectations were that slump of the European markets will affect Bulgarian economy in the autumn, however this has happened much earlier. The Bulgarian government is prepared to revise Budget 2012 in case that the situation gets worse.

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Category: Bulgaria | Tags: , , , , Comment »


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