An overall economic upturn in Bulgaria has been registered in 2016 and 2017, in unison with the upturn in Europe, a survey by the Institute for Market Economics reads.
In 2016 economic growth reached 3.9 percent, in 2017 the official forecast is for a 4 percent growth rate. The employment rate for the 15 to 64 age bracket stands at a record high – 68.5 percent. The growth of the economy and the stable increase in salaries has had its effect on living standards. Nonetheless, the share of the population living below the national poverty line has remained stable, ranging from 21 to 23 percent. The declining demographic picture in the country places a natural restraint on the growth potential of the Bulgarian economy. For two and a half years the real growth rate has not been able to exceed 4 percent, year-on-year. According to recent EC and IMF analyses, which include Bulgaria, the economy is either already functioning at the level of its potential, or is close to it.
From July 15 until August 4, eighty-eight people from three continents will study Bulgarian at the University of Veliko Tarnovo. The International Summer Seminar on Bulgarian Language and Culture will be held for the 47th year, offering..
It will be sunny and hot on Monday. Cumulus clouds will form over the eastern parts of the country with no chance of precipitation. Daytime highs will range from 36°C to 41°C, for Sofia around 37°C. It will be sunny along the Black Sea coast..
Caretaker Premier Dimitar Glavchev and the Director of the General Directorate Fire Safety and Civil Protection, Chief Commissioner Alexander Dzhartov, are in constant communication regarding the wildfire situation in the country, reported the press..
Sunday will be sunny and hot. There will be a light, in the Eastern parts to moderate wind from the East-Northeast. Maximum temperatures 35-40° C.,..
Pomorie on the Black Sea is, once again, inviting jazz and classic cars fans to the festival Anhialo Classic Cars & Jazz Fest , organized..
Seven fires are burning in forest areas in the districts of Plovdiv, Haskovo, Kyustendil and Yambol, the Executive Forests Agency said. In..
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