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 Vezhen, detained for damaging a fibre optic cable in the Baltic Sea, has been released. The investigation found no evidence of sabotage. This was announced by the Swedish prosecutor's office. A few days ago, the Bulgarian vessel Vezhen, flying..
We will talk about defence funds. We believe that it is too early to talk about increasing the budget when a number of countries have not yet reached 2%, Prime Minister Rosen Zhelyazkov said as he entered an informal meeting of EU leaders in Brussels...
For the third consecutive year, the Consulate General of the Republic of Bulgaria in New York hosted the annual alumni meeting of the American University in Bulgaria, the diplomatic mission announced on Facebook. The event brought together board..
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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