Bulgaria: slower software sector growth expected

The Bulgarian Association of Software Companies (BASSCOM) announced their annual Barometer report, marking a historic forecast for the nation’s software sector. Projections unveiled during the event indicated a remarkable milestone: an expected surge in revenues to surpass BGN 8 billion in 2023, an unprecedented achievement for the industry. The Barometer, a long-standing yearly publication offering…

Poland: economy up in Q3 2023

Poland’s Gross Domestic Product (GDP) increased by 0.5% YoY in the third quarter of 2023, the Central Statistical Office (GUS) reported on November 30. Compared to the previous quarter, the economy grew by 1.5%, GUS said. Poland’s economy contracted by 0.6% YoY in the second quarter. According to a GUS flash estimate, GDP was expected…

Bulgaria: OECD forecasts growth in 2024

The Organisation for Economic Co-operation and Development (OECD) has revised Bulgaria’s economic growth forecasts in its latest World Economic Outlook report, signaling a 1.7% growth rate for 2023, slowing due to external factors, with a projected acceleration to 2.8% in 2024. Initially anticipating a 1.9% GDP growth for 2023 and 3.2% for 2024, the OECD’s…