Банкеръ Weekly

Briefs

A BULGARIA-DEUTSCHE SURVEY ON BULGARIA

In 2001 Bulgaria will have 4 per cent GDP growth, 16,000 million dollars of nominal GDP and 9 per cent inflationq said Deutsche Bank's most recent report on this country, quoted by Deutsche Welle last Tuesday.
GDP growth, which stood at 2.4 per cent in 1999, reached its highest levels since 1989, 5 per cent in 2000. For this year Deutsche bank predicts a slowdown with GDP increasing by some 4 per cent, while nominal GDP is expected to reach 16,000 million dollars by the end of the year. On a year basis the inflation is expected to be 9.1 per cent against 10.1 per cent in 2000 and to drop to 5 per cent in 2002. In 1999 Bulgaria's foreign debt added up to 82,2 per cent of GDP; a year later it was 79.4 per cent and is expected to drop to 70 per cent this year. Projections are for 62.5 per cent in 2002.
In 1999 Bulgaria reached Southeastern Europe's average levels of 1,600 dollars of GDP per capita. It is thus no longer among the poorest countries in the region - Bosnia and Herzegovina, Albania, Serbia and Montenegro. This level, however, is not satisfying at all should a parallel be drawn with fne of the frontrunners for EU accession, Slovenia, with its 9,300 dollars per capita.

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