5.8% Economic Growth in 2000*

From Novinite.com (Sofia News Agency)

May 18, 2001

The economic growth was 5.8% in 2000, the Agency for Economic Analyses and Forecasts (AEAF) said in its annual report.

The growth resulted from the increased net exports and services and the fine performance of industry, Mariela Nenova, AEAF CEO, specified.

Foreign direct investments and IFI crediting balanced the negative trade balance, the report reads.

2000 inflation leveled at 11.4% due to the depreciation of the EUR against the USD and the increased international oil prices. The major domestic inflation leverage was the appreciation of foods, Nenova said.

*As Novinite.com (Sofia News Agency) became 10 years old on Friday, March 11, 2011, we are reprinting selected articles from our archives that we published on the respective day exactly 10 years ago.

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