International Reserves in Bulgaria

Bulgaria International Reserves | Economic News & Forecasts

Bulgaria - International Reserves

The economy likely contracted in the first quarter, hit by measures adopted to contain the spread of coronavirus in March, as industrial output dropped in January–March and business and consumer sentiment fell in March. Turning to Q2, subsequent slumps in business and consumer confidence in April hint at a much sharper pace of contraction at the start of the quarter. On a more positive note, in late April the European Commission approved a EUR 150 million Bulgarian scheme to provide financial support to strained small- and medium-sized enterprises. Moreover, the government is considering giving Bulgarians holiday vouchers to support the hard-hit tourism sector, which could possibly start its summer season on 1 July. Meanwhile, in late April, Fitch Ratings downgraded the outlook for Bulgaria’s BBB rating from positive to stable, due to lockdown measures.

Bulgaria - International Reserves Data

2015   2016   2017   2018   2019  
International Reserves (EUR)20.3  23.9  23.7  25.1  24.8  

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Bulgaria International Reserves Chart

Bulgaria International Reserves
Note: International reserves in months of imports.
Source: Bulgarian National Bank and FocusEconomics calculations.

Bulgaria Facts

Value Change Date
Bond Yield0.400.0 %Dec 31

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