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.
With the votes of GERB-SDS, PP-DB and MRF, the National Assembly rejected the proposal of BSP for Bulgaria that part of the equipment for Belene NPP be used to replace the 3rd steam generator of the 6th unit of Kozloduy NPP, which is constantly failing...
The caretaker government has allowed the Bulgarian military to train Ukrainian soldiers on the territory of NATO member states. The reasoning states that with this decision Bulgaria expresses its support forUkraine, upholds Euro-Atlantic values and..
After more than three hours of heated debate, the Bulgarian Parliament has banned propaganda, promotion or incitement, directly or indirectly, of ideas or views related to non-traditional sexual orientation and/or the definition of gender identity other..
The caretaker government has allowed the Bulgarian military to train Ukrainian soldiers on the territory of NATO member states. The reasoning states that..
Consumer confidence rose by 5.6 points in July, according to a survey by the National Institute of Statistics. According to consumers, the general..
Without discussion and debates, the parliament adopted conclusively the Law on the Introduction of the Euro in Bulgaria. 167 MP from GERB-SDS, the..
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