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Bulgaria relies on imported oil and natural gas (most of which comes from Russia), together with domestic generation of electricity from coal-powered and hydro plants, and the Kozloduy nuclear plant. Bulgaria imports 97% of its natural gas from Russia. [72] The economy remains energy-intensive because conservation practices have developed slowly.
Annual inflation in the eurozone’s 19 countries rose to 9.1%, up from 8.9% in July, according to the latest figures released Wednesday by the European Union statistics agency Eurostat.
According to the latest data from Eurostat, Bulgaria's inflation is 2.6% — only 0.1% from meeting the inflation criteria. [88] On 17 January 2025, it was reported that the government is expected to submit a request for an extraordinary convergence report to the European Commission and the ECB within two weeks. [89]
When changing this, also update the reference in Template:Inflation/fn and the latest year in Template:Inflation-year!. Source: Eurostat, HICP - annual data (average index and rate of change); for Euro area (19 countries; 20 countries since 2023) (DOI: 10.2908/prc_hicp_aind)
The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB). It is a consumer price index which is compiled according to a methodology that has been harmonised across EU countries. The euro area HICP is a weighted average of price indices of member states who have adopted ...
The UK entered a technical recession in the final six months of 2023. [211] [212] Germany's inflation rate reached 11.7% in October 2022, the highest level since 1951. [213] In 2023, Germany fell into recession from January to March due to persistent inflation. [214] In France, inflation reached 5.8% in May, the highest in more than three ...
Eurostat calculates the GDP based on the information provided by national statistics institutes affiliated to Eurostat. The list presents statistics for 2022 from Eurostat, as of 20 February 2024. The figures are in millions of nominal euros, purchasing power standards and purchasing power standard per capita.
Bulgaria: Lev (BGN) 1.95583 [nb 1] 2007-01-01 2020-07-10 Euro adoption on 1 July 2025 [22] Compliant with 4 out of 5 criteria (all except inflation) [23] The Bulgarian government expects to be in compliance with all criteria by the end of 2024 [23] Czech Rep. Koruna (CZK) Free floating 2004-05-01 None Assessment of joining ERM-II to be ...