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Bulgaria’s GDP: 3% growth in the second quarter of 2016 — image from the original website

In the second quarter of 2016, Bulgaria’s gross domestic product (GDP) grew by 3.0% compared with the corresponding quarter of the previous year and by 0.7% compared with the first quarter of 2016, according to Bulgarian National Statistical Institute data announced on Thursday.

Flash GDP estimates are based on currently available preliminary monthly and quarterly data for individual economic sectors, subject to subsequent updates and revisions, together with expert assessments and models for the components of GDP.

Despite a slowing global economy, the Bulgarian economy is growing in line with expectations and is not disappointing analysts.

The excellent potential for investment in the Republic of Bulgaria is fully confirmed for 2016 as well.

The law firm in Bulgaria provides legal assistance to Bulgarians and Italians in civil, commercial and employment matters, supporting Italian and foreign investors with company incorporation, partnerships, business internationalisation and outsourcing.