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The prognosis of “Eurobank EFG” for Bulgaria

Submitted on Sunday, 16 August 2009No Comment

According to the prognosis of “Eurobank EFG” (, the gross domestic product (GDP) of Bulgaria will decrease by 6% in 2009 and by another 2% in 2010.

The analyzers from the financial institution, which is a majority owner of the Bulgarian Post bank (, claim that the temp of the slowdown of Bulgarian economic activity is much less significant than in other countries in the region.

According to the analysis and prognosis department of “Eurobank EFG”, the shrinking of the Bulgarian economics will have a positive influence on the levels of inflation. The deficit of the current account is expected to halve and reach 12% of the GDP.

A significant decrease of inflation is also noted, with the report stating that the trend for further decrease of inflation will be kept until levels of 2,5% on a yearly basis.

The decrease of inflation in Bulgaria will aid the country’s ambitions to become a part of the eurozone, says the bank report.

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