Economy of the Republic of Ireland

According to Eurostat data, Bulgaria's tax-to-GDP ratio is among the lowest in the European Union. In 2023, the overall tax-to-GDP ratio for the EU, which includes the sum of taxes and net social contributions as a percentage of gross domestic product (GDP), was recorded at 40.0%. This figure represents a decrease from 40.7% in 2022.

Preliminary data from the European statistical office Eurostat reveals that the Eurozone and the European Union managed to maintain economic stability in the fourth quarter of 2023, bouncing back from a 0.1% contraction in GDP during the previous quarter.

The New Year's lottery tickets, with a grand prize set at 400 million Turkish Liras (&13.9 million), have already witnessed a remarkable 75 percent sales just a week before the draw.

Ljubljana – Slovenia’s GDP increased by 16.3% in year-on-year comparison in the second quarter of the year, the Statistics Office reported on Tuesday. The growth was powered by household spending and gross investment. Foreign trade was up significantly as well.

The annual growth of Romania's economy in the first quarter of 2020 - 2.4% unadjusted and 2.7% when seasonally adjusted series, was mainly due to the household final consumption expenditure, which volume increased by 3.8%, contributing 2.5% to GDP growth, according to provisional data with the National Institute of Statistics (INS) released on Tuesday.

The Greek housing market has doubtlessly slowed down this year, with the sale price growth rate declining for six consecutive months. Based on data from the first quarter of 2020, the slowdown marks are clear, as most areas observed a lower pace of price growth compared to the fourth quarter of last year.

The first signs that the Greek property boom may have peaked have started to emerge, mainly in areas where rates have soared over the last 18 months.

For now property ad website Spitogatos is reporting a slowdown in price growth, but property market professionals say it is likely the pace of price expansion will gradually stabilize, depending on conditions.

Economic growth in the euro area and across the European Union slowed sharply in the second quarter after a better performance earlier this year, a final, unaudited Eurostat estimate showed.

The European Commission (EC) keeps its expectations for Bulgaria's economy in its summer forecast. The GDP growth of our country in 2019 will recover to 3.3% from 3.1% in 2018, reaching 3.4% in 2020, coinciding with the expectations of the spring forecast.

In terms of inflation, the EC expects its pace to reach 2.4% in 2019 and will slow to 1.7% in 2020, writes Investor.bg.

The projections for Bulgaria's economic growth in 2019 and 2020 remain unchanged - 3.3% and 3.4% respectively. Inflation will be 2.4% this year and 1.7% in 2020, according to the European Commission's economic forecast.