BNB calls on the state to pursue conservative financial policy

The growth of the national economy in the second quarter of 2025 accelerated by 3.5% on an annual basis. According to an analysis by the Bulgarian National Bank - BNB, the main factors for the acceleration are the decrease in imports of goods and the significant increase in government and private consumption. Household consumption has grown by 6.9% on an annual basis. Employment in the labour market grew by 3.7 percent, with the labour shortage growing to historically high levels and leading to an increase in wages by 18.5% on an annual basis.

Annual inflation was 3.5% in August 2025 compared to 2.1% at the end of 2024. In the period 2020-2024, there is a clear trend of deterioration in Bulgaria's fiscal position, therefore the BNB calls for a conservative financial policy that will preserve the country's fiscal stability.