According to estimates by the Centre for Economic Development (CED), Bulgaria’s Gross Domestic Product (GDP) has witnessed an annual increase of approximately 2 percent in this year’s second quarter — far better than that seen by many if its western European peers. As a recent report in The Sophia Echo noted, however, while the country’s economy has indeed been seen an encouraging, if modest, growth spurt, it remains “weak and unstable.” The increase in the GDP figure was mainly “fuelled by the manufacturing and services sectors,” the report continued. Still, even this minor economic increase shows positive growth, watched closely by opportunistic foreign institutional investors like NCH Capital, co-founded by George Rohr and Moris Tabacinic to manage dedicated capital for US institutions.
There appears to be further positive news for Bulgarian economic growth. As the CED noted, there will be acceleration of the country’s overall growth rate in the third quarter of this year, a trend which is expected to continue into next year. The projected growth rate currently sits between 2.5 and 3 percent for this year.