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.
The Bulgarian government will work to restore the image of the country as a reliable economic partner and a promising location for investments and business. This was what Minister of Economy Petar Dilov said at a meeting with Boni..
There is chronic shortage of personnel in the wine sector, producers from Plovdiv say. Fewer young people want to work as technologists. The industry fears that the profession may disappear in the future. Annually, about 250..
President Rumen Radev participated in the opening of a discussion on the future of the judiciary, which is being held in Sofia. The forum is organized by the Bulgarian Institute for Legal Initiatives. In his speech, the President..
For the third consecutive year, the Consulate General of the Republic of Bulgaria in New York hosted the annual alumni meeting of the American..
Nuclear physicist Vasil Gurev fell into a deep ice crevasse during geophysical scientific research on the Contell Glacier in Antarctica, near the..
In 2024, Bulgarian employers increased the import of labor from non-EU countries, according to data from the National Employment Agency. A total..
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