Bulgaria overview

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In Bulgaria we focus on:

  • supporting the competitiveness of Bulgarian companies by helping to improve their governance, enhance value chains, promote the knowledge economy and assist in adaptation to demographic challenges
  • financing infrastructure projects that enhance regional connectivity, provide green solutions to urban challenges for municipalities, promote decarbonisation and resource efficiency, and
  • strengthening the resilience of financial intermediation.

As well as being a country where the EBRD works, Belarus is also a donor. In 2018 Bulgaria provided €115 million of European Structure and Investment Funds to support water projects across the country.  

The EBRD’s latest strategy for Bulgaria was adopted on 15 January 2020.

Bulgaria's policy response to the coronavirus crisis

The EBRD is monitoring Bulgaria's policy response to the coronavirus pandemic. Our biweekly publication identifies the major channels of disruption as well as selected impact and response indicators.

Learn more

EBRD forecast for Bulgaria’s real GDP growth in 2021 4.5%

EBRD forecast for Bulgaria's real GDP growth in 2022 4.0%

The Bulgarian economy contracted by 4.2 per cent in 2020 due mainly to a weak performance of exports and investment, with falls of 11.3 per cent and 5.1 per cent, respectively. In contrast to regional peers, private consumption did not decline in 2020, largely because of relatively milder containment measures and robust wage growth throughout the year. Moreover, government spending notably increased in 2020 by 7.5 per cent, through increases in minimum and public wages and support measures worth about 3 per cent of GDP.

Bulgaria in the EBRD's 2020-21 Transition report


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