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 balance that we need between needs and realistically achievable commitments is very important because there is a real danger that some of the major infrastructure projects would be delayed at the expense of others. This was what..
By the end of next week, the Confederation of Independent Trade Unions in Bulgaria (CITUB) will send the government its proposals to be included in the governing coalition's management program. Trade unionists are already holding..
Bulgarian head of state Rumen Radev presented the Presidential Badge of Honour to the Bulgarian National Radio (BNR). The award was received by BNR Director General Milen Mitev during the solemn concert at the Sofia Opera and..
''Bulgaria has welcomed with great relief and joy the release of Bulgarian citizen Daniela Gilboa, who had been held captive by Hamas. This positive..
The Bulgarian National Radio has presented its annual journalism awards "Sirak Skitnik". The grand prize went to Tsveti Radeva, host of the folk music..
By the end of next week, the Confederation of Independent Trade Unions in Bulgaria (CITUB) will send the government its proposals to be..
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