The decision of Great Britain to leave the European Union will slow down economic growth in Bulgaria and as a result the budget deficit is likely to go up, Unicredit Bulbank has said. According to the bank the shock of Britain’s decision will cause a slowdown of economic growth in Bulgaria by 0.2 percent this year and by 1.1 percent next year. In the latest Ministry of Finance outlook, growth will reach 2.1% in 2016 and 2.5% in 2017. The bank’s analysts argue that Bulgarian exports will suffer most from Brexit. Investments will be affected too though not so strongly. A more limited effect is expected on the financing of the government and on the economy as a whole.
Caretaker Premier Dimitar Glavchev said from Washington that he did not know why the president had not yet announced a date for handing over the second exploratory mandate to form a government. "Surely, President Rumen Radev has some considerations..
13 bands from abroad will perform on the big stage of the 4 th edition of Midalidare - Rock in the Wine Valley , 12-14 July, alongside the headliners Deep Purple, Mr. Big and Accept, among them Axel Rudi Pell, Hammerfall, Beast in Black, The..
On Friday the weather will be sunny and hot. Clouds will form in the afternoon but there will only be isolated showers in some parts in Eastern Bulgaria. Minimum temperatures 20-24° C., for Sofia 20° C., maximum 34-39° C., for Sofia 34° C...
The largest archaeological campaign ever conducted on Perperikon has begun, BTA reports. Prof. Nikolay Ovcharov, head of the research at..
After 17 MPs from the Movement for Rights and Freedoms, MRF, were expelled, among them the party’s other co-chair Dzevdet Chakarov, MRF MP Ahmed..
Greece’s Minister of Defence Nikos Dendias announced that Greece, Bulgaria and Romania are to establish a military mobility corridor in NATO’s Eastern..
+359 2 9336 661