Content type

Bulgaria, A Tourism Investment Market To Watch

Tourism / Bulgaria / Thu 01 Feb, 2024

Key View: We highlight Bulgaria as a market to watch for tourism investment over the medium term (2024-2028). We estimate that the market’s total tourist arrivals made a full recovery to their pre-pandemic levels in 2023 and will grow by an annual average of 3.7% over the medium term to reach a projected 15.5mn in 2028. We highlight investment

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Bulgarian National Bank To Continue To Tighten In 2023

Country Risk / Bulgaria / Fri 03 Feb, 2023

Key View

  • We at Fitch Solutions have lifted our forecasts for the Bulgarian policy rate to 3.75%, from 2.5%0, as the European Central Bank has maintained its hawkish stance.
  • Tighter monetary policy will drive Bulgarian inflation lower over 2023, alongside an easing in energy prices.
  • Bulgaria will be forced to pushback its euro adoption
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Political Uncertainty To Weigh On Bulgaria's Economic Outlook

Country Risk / Bulgaria / Wed 03 Aug, 2022

Key View

  • We at Fitch Solutions retain our forecast for Bulgaria’s growth in 2022 at 2.6%, whilst revising down our forecast for 2023 from 3.5% to 2.8%.
  • The revision for 2023 has been made owing to growing headwinds across Europe as the continent faces an energy and cost of living crisis which, in our view, will undermine growth in the
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