Bulgarias economy to post modest growth of 0.6% in 2012 - World Bank.

By bne IntelliNews June 28, 2012
Bulgarias GDP will expand by 0.6% this year after growing by 1.7% in 2011, the World Bank said in the latest issue of its EU11 Regular Economic Report published on June 27, 2012. In 2013, economic growth is expected to accelerate to 2.5%. Besides Bulgaria, the EU11 countries are the Czech Republic, Croatia, Hungary, Estonia, Latvia, Lithuania, Poland, Romania, Slovenia and Slovakia. The average GDP growth for the EU11 countries this year is forecast at 1.5% with Poland topping the list with a 2.9% expansion. Bulgarian economy will perform under the EU 11 average in 2012, while in 2013, its economic growth will equal the EU 11 average. The World Banks forecasts assume that the euro zone avoids a major crisis.
Notice: Undefined index: social in /var/www/html/application/views/scripts/index/article.phtml on line 259

Related Articles

EC urges Bulgaria to comply with EU rules on free movement of capital.

The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more

Govt seeks delay of antitrust rules violation procedure against Bulgaria.

Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more

Bulgarians hold EUR 100mn in deposits in Cyprus.

Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more