The consumer price index in Bulgaria is down in May by 0.3 percent compared to April, when there was an increase of 0.7 percent, National Statistical Institute data indicate.
Inflation has dropped on a year-on-year basis by 2.3 percent (compared to May 2016); one month earlier it marked an increase of 2.6 percent, registering the highest growth rate since June 2013.
Data for May is the latest in a series of clear signs that during the current year the Bulgarian economy will be able to overcome the deflation or price stagnation, an ongoing process since August 2013, the National Statistical Institute predicts.
“Five people from the parliamentary group are going to be “torn apart” during the voting for a cabinet but will, most probably, not give their support,” Ivelin Mihaylov, one of the founders of Velichie party said for the BNR. GERB-SDS..
In an analysis of the pension system in Bulgaria, the International Monetary Fund urges the country to raise pensions by raising social security contributions and doing away with the maximum insurable earnings. According to the analysis, pensions in..
Bulgarian tour operators and travel agents are hoping the new parliament will reconsider the decision to revert to the higher VAT (20%) for the industry as of 1 July. They are insisting that tourist packages be subject to 9% VAT until the end of..
Bulgaria’s national team of mathematics put up an excellent performance at the Junior Balkan Mathematical Olympiad. Six Bulgarian students returned from..
Bulgaria’s President Rumen Radev handed the first cabinet-forming mandate to Rossen Zhelyazkov who is the prime minister-designate of the largest..
On Tuesday the weather will be sunny and hot over most of the country. Clouds will form over Western and Central Bulgaria in the afternoon and there..
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