Oliver Roegl prediction: Bulgarian economy will grow by 2% in 2014

"The macroeconomic situation in Europe and Bulgaria still has a negative effect on the Bulgarian business and household consumption." This was announced during a business meeting with journalists in Sofia Oliver Roegl, Chairman of the Board and Executive Director of "Raiffeisenbank (Bulgaria)" EAD.
"Eurozone is out of recession and it is expected that at the end of this year and in 2014 the economy will begin to recover, which will have a positive impact on the Bulgarian economy.
Forecast of "Raiffeisen Research" is the growth of Bulgarian GDP in 2013 from 0.5% yoy and 2% in 2014, "added Roegl.
According to the first observations of Roegl, Bulgarian banking system remains stable, despite continuing difficult economic situation:
"The banking sector is stable, liquid and well capitalized. Risks are under control, thanks to the solid buffers in the system, the acceleration of economic growth in the Eurozone and Bulgaria in the medium term, will also stimulate growth in lending".

Source: http://bg-daily-news.eu

03.10.2013, Economy