Bulgarian Economy's Stability Amid External Crises and Growth Projections
Despite potential external crises impacting growth, Bulgaria's economy is projected to grow by 3.1% in 2025, driven by domestic consumption. The government aims to bolster economic resilience through innovation and technology investment.
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The Bulgarian economy is projected to grow by 3.1% in 2025, primarily due to domestic consumption, as stated by Irena Mladenova, the caretaker Minister of Innovation and Growth. Challenges include weak investment activity and reliance on low labor costs, necessitating a shift toward a research and development-based economy.
Inflation levels stood at 3.5% at the end of 2025, with energy prices being a significant contributor. The caretaker government is prioritizing targeted measures for vulnerable groups while promoting digitalization and energy efficiency.
Additionally, an agreement to enhance defense technology cooperation has been established with NATO's DIANA network. Mladenova indicated that Bulgaria's potential eurozone accession could further stimulate growth.
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