Bulgaria among Fastest Economic Runners
The growth of the Bulgarian economy in 2011 was 1.7%, announced the National Statistical Institute. The Ministry of Finance had forecasted a GDP growth of 2.8%. However, to the background of the overall situation is Europe, the results are not that bad. In the last three months of 2011 the GDP grew by 1.6% compared to the same period in 2010 and by 0.3% compared to the previous trimester. These figures place Bulgaria among the fast economic runners in Europe. According to the Eurostat data aired so far, only nine European countries made a positive economic growth in the last trimester of 2011 compared to the previous period and there are four countries that have registered a higher economic growth than Bulgaria has. A number of countries like the Czech Republic, Italy, the Netherlands and Slovenia are now officially in recession as for a second trimester on the row their economies have moved downwards.
In the last trimester of 2011 Bulgaria’s GDP is 19, 46 billion leva as for the entire 2011 it is 75, 26 billion leva. In 2011 Bulgaria’s GDP was 5,168 euro per capita. In the last three months of 2011 was registered growth of 6.4% y/y in real estate operations. Creation and diffusion of information as well as telecommunications have marked 6.8% increase. Mining industry, processing industry, delivery of electricity, central heating and natural gas have growth by 6.1%.