Bulgaria

bulgariamap

Bulgaria’s stable economic, business and political environment has been a key factor in attracting foreign capital inflows throughout the last decade. The consistent macroeconomic policy, associated with stable economic growth has set Bulgaria as one of the favourable investment destinations in South Eastern Europe.

Some key macroeconomic and political indicators are:

  • Currency board arrangement, introduced as a key element of the macroeconomic stabilisation programme in April 1997 (Bulgarian Lev is pegged to the Euro at rate of BGN 1.95583 per EUR 1)
  • Stable GDP growth
  • Low inflation rate
  • Comparatively low interest rates – 0.00% for 2018
  • Low levels of unemployment rate – 5.2 % for 2018.
  • NATO membership since 2 April 2004
  • EU membership since January 2007
  • Since 2018 Bulgaria has recieved several country cradit rating upgrades. As of September 2018 Bulgaria credit ratings are as follow: Moody’s – Baa3, S&P and Fitch – BBB-.

 

 Key Country Indicators

2013

2014

2015

2016

2017

2018F

 GDP (EUR billion)

 41.9

  42.8

   45.3

   48.1

   51.7

53.4

 Real GDP growth (%)

0.5

1.8

3.5

3.9

3.8

3.9

 Annual inflation rate (%)

0.4

-1.6

-1.1

-1.3

1.2

2.0

 Unemployment rate (%)

12.9

11.4

9.1

7.6

6.2

5.2

 Average base interest rate (%)

0.2

0.4

0.1

0.0

0.00

0.0

 FDI (EUR billion)

1.4

0.3

2.4

1.0

1.4

0.6

Investor Relations