Bulgaria's Economy Not Likely to Grow Much in H2

Bulgaria's economy is unlikely to post significant growth in the second half of the year despite the positive effect of lower credit and deposit rates, local brokerage house Elana Trading said on Monday.

"The second half of the year will bring no significant improvement, but we expect lower interest rates on deposits and credits to boost consumption and, to a certain degree at least, to contribute to higher employment and a general improvement of the economy,” the statement quoted Elana Trading head of research, Tsvetoslav Tsachev as saying.

Despite the negative impact of political instability, the Sofia stock exchange will post growth, of at least 30%, this year, the analysts noted.