Bulgaria posts EU's third-highest y/y rise in industrial output in Nov - Eurostat

Bulgaria posts EU's third-highest y/y rise in industrial output in Nov - Eurostat

Bulgaria's industrial output grew by 13.3% year-on-year in November, the third-highest rate of increase on this indicator in the EU among the member states for which data is available, after Lithuania and Poland, Eurostat said on Wednesday.

On a monthly comparison basis, Slovenia led in terms of industrial output growth among EU member states in Southeast Europe (SEE) in November, with a 2.8% rise, the bloc's statistical office said in a statement.

Elsewhere in SEE, Romania was the only EU member state in the region to record a year-on-year decline in industrial production in November, of 0.9%.

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Bulgaria's revenues from tourist overnights up 61% y/y in Nov

Total revenue from tourist overnights spent in Bulgaria in November added 61% on the year to 25.8 million levs ($15.0 million/13.2 million euro), the country's statistical office said on Wednesday.

The revenue from overnights spent by foreign nationals went up 62% year-on-year in November, the National Statistical Institute (NSI) said in a statement.

The total number of tourist overnights spent in the country in the month under review was 431,100, marking a 38% increase on an annual comparison basis. The overnights spent by foreign tourists were 118,800.

In November, four and five-star accommodation facilities served 36% of the overnights spent by Bulgarian tourists and 69% of the overnights of international visitors.

The number of tourists who stayed in accommodation facilities in Bulgaria in November reached 203,900, up 47% year-on-year.

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Bulgaria's GDP growth to speed up to 3.8% in 2022 - World Bank3.8

Bulgaria's gross domestic product (GDP) is expected to increase by % in 2022, after expanding by an estimated 3.3% last year, the World Bank said, revising upwards its June projection for 2022 by 0.5 percentage points.

The Bulgarian economy is seen growing further by 3.6% in 2023, the global lender said in its January 2022 Global Economic Prospects report published on Tuesday.

In June, the bank said it expects Bulgaria's economic output to grow by 2.6% in 2021.

The GDP increase of the Europe and Central Asia region is forecast at 3% in 2022, following an estimated rise by 5.8% last year, the World Bank said in its report.

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