Bulgaria overview


In Bulgaria we focus on:

  • Enhancing Competitiveness through Improved Efficiency, Governance and Innovation. The Bank will support financial restructurings and provide long term finance for competitiveness enhancement, and energy efficiency investments as well as support regional economic integration by providing financing for cross-border investments and exports. For smaller companies, the Bank will work with and through financial intermediaries to ensure sufficient access to funds and explore expanding its business advisory activities.
  • Strengthen the financial sector intermediation through targeted investments and improved governance. The Bank will explore risk sharing products in order to support overall intermediation and in particular MSME development as well support sector consolidation. The Bank will also seek to support the deposit insurance fund with a combination of investment and policy dialogue.
  • Narrowing the Infrastructure Gap through Commercialisation, Reform and Efficiency. The Bank will seek to support commercialisation and private sector participation in transport, gas and municipal infrastructure, including by working with the authorities to facilitate leveraging of available EU structural funds. In the energy sector, the Bank is ready to renew its dialogue with the authorities with the view to support the energy sector reform strategy and would provide investments to support public utilities financial and operational performance, while continuing energy efficiency investment across the economy.

The EBRD’s latest strategy for Bulgaria was adopted on 8 July 2015

EBRD forecast for Bulgaria’s real GDP growth in 2018 3.1%

EBRD forecast for Bulgaria's real GDP growth in 2019 3.4%

The economy grew by an estimated 3.1 per cent in 2018, following a growth rate of 3.8 per cent in 2017. Private consumption has been the main driver of growth, as the tightening labour market is pushing wages up and unemployment down (to below 5 per cent as of end-2018). Investment has also been strong and it grew by almost 7 per cent in 2018, helped by the growing disbursement of EU funds.

Bulgaria in the EBRD's 2018-19 Transition report