Bulgaria PESTLE Insights - A Macroeconomic Outlook Report

Bulgaria PESTLE Insights - A Macroeconomic Outlook Report
Summary

According to GlobalData, mining, manufacturing and utilities activities contributed 21.9% towards GVA, followed by financial intermediation, real estate and business activities (21.5%), and wholesale, retail and hotels utilities (15.9%) in 2022. The three sectors are forecast to grow by 6.0%, 6.9%, and 7.2%, respectively, in 2023.

Northern and Southeastern Bulgaria accounted for 49.4% of the population in 2022 and 36.2% of GDP in 2021, according to Eurostat.

SOFIX Index exhibited a volatile trend over past year. As of May 23, 2023, the index stood at 656.5, compared to 614.5 on May 23, 2022.

ScopeIn 2022, the European Commission announced to allocate EUR1.6 billion ($1.7 billion) for the transport connectivity programme to foster development in the sector by 2027.Reasons to BuyMacroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure. PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business. This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.