11.08.2015
According to analyses of the Central Bank of Bulgaria (BNB) annual inflation has been negative since the middle of 2013. Deflation will continue to slow down in the course of the third and fourth trimesters and by the end of 2015 the tendency will be reversed towards increase of consumer prices. This movement is influenced mainly by the higher international prices of foods and petrol in euro. During the first three months of the year the GDP increase speeded up by 0.9%. The positive effect on the economy comes from the labor market and the overcoming of part of the unemployment. In view of the banking system, the BNB prognosticates a continuing decline of the interests on credits and deposits.
