LM Legal Services Blog

Despite the steady growth of the Bulgarian economy, the international financial crisis is unlikely to miss Bulgaria. The Bulgarian economy is not dependent on the US economy, however 2/3 of the Bulgarian trade relations are with the EU countries, where the signs of recession are rather obvious.  According to the experts the recession will affect Bulgaria in 1 -1.5 years.  It might start in the winter when household expenses are higher, as well as the inflation.  The economic growth is likely to stop due to the slowing down of the property market and the interest increase.

The inflation for July will show an increase of 1% in comparison to June, when there was a July of -0,2 %. The minister of the economy Dimitrov explained this with the increase of the price of energy. The foreign investment for the first six months of the year has reached 2.078 billion Euros which is the similar to the same period last year.

According to the Naitonal Statistics Institute, the expenses of the Bulgarian households have increased by 7,1%. At the same time the investments in the basic capital have increased by 21%.