The International Monetary Fund has raised its forecast for Bulgaria’s economic growth up to 3 percent this year and to 2.8 percent next year. This is said in its report for the global economic outlook. In April IMF expected Bulgaria’s GDP to grow by 2.3 percentboth in 2016 and 2017. The fund now predicts that Bulgaria will see deflation of 1.6 percent in consumer prices this year while its April forecast was at just 0.2 percent. The institution has predicted an acceleration of inflation to 0.6 percent next year. The forecast for the level of 2016 unemployment in the country has been reduced to 8.2 percent down from 8.6 percent as forecast in April. IMF expects that in 2017 unemployment will be down to 7.1 percent.
A new draft law on the state budget for 2025 will be submitted to the Council of Ministers by 14 February, along with draft laws on the budget of the National Health Insurance Fund and the State Social Insurance Fund. This was promised by Finance Minister..
During the night, the cloud cover will be significant. There will be fog in many places in the plains and valleys. The weather will be almost calm in most regions. There will be moderate southerly and southwesterly winds in Eastern Bulgaria and north..
Scientists from the Bulgarian Academy of Sciences (BAS) presented facts refuting speculations in Serbia that challenge the national identity of Bulgarians in the Western Outlands. In mid-January, our compatriots there sent a letter to Serbian..
Bulgarian exports to the USA in 2023 are worth 1.1 billion dollars, and number 1 on the export list with a share of nearly 19 percent are "coins that..
Swedish authorities have detained a ship suspected of sabotaging an undersea fiber optic cable in the Baltic Sea. The ship is the Bulgarian vessel..
The benefits for Bulgaria from full entry into Schengen are estimated at over 800 million euros per year. The largest benefits will be for manufacturers..
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