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Research Team

Bulgaria Weekly Coverage 15-21.01.2018

• Bulgaria to be monitored closely if it applies for Eurozone – Moscovici
• Current account balance shifts to EUR 155.2mn deficit in November
• Agriculture generates 5% of gross value added in economy – agriculture minister
• Investment projects for BGN 700mn certified in December and January
• Cabinet decides BGN 2.91bn to be spent on agriculture in 2018
• No-confidence vote to be voted on Jan 24
• Cabinet starts preparations for construction of gas connection with Serbia
• Opposition BSP submits no-confidence vote against government in parliament
• Bulgaria is among worst performers in EU in terms of freedom – Freedom House
• Azerbaijan interested in participating in Bulgaria's gasification
• Cabinet signs contract for toll system implementation
• Registered unemployment rate rises m/m to 7.1% in December
• International reserves rise by 6.6% m/m to EUR 23.7bn in December
• Bulgaria to negotiate whether to keep currency board while in ERM-II
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