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First official figures for 2016: growth in Bulgaria is 2.6%—image from the original website

According to the National Statistical Institute’s (NSI) flash estimates published on Friday, Bulgaria’s GDP increased by 2.9% in the first quarter of this year compared with the same period last year. In the first three months of 2016, GDP exceeded BGN 17.9 billion, an increase of 0.7% compared with the final quarter of last year. Gross value added (GVA) in the first three months of this year exceeded BGN 15.2 billion, an increase of 0.9% compared with the final quarter of 2015 and growth of 2.5% compared with the same period last year. The trade balance in the first quarter of this year was negative. Exports and imports of goods and services fell by 0.3% and 2.8% respectively.

Inflation recorded in April 2016 was 0%.

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