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.
Saturday will be sunny and hot. Clouds will form in the afternoon, and there may be brief showers in isolated places in the Eastern part of the country. Minimum temperatures 18-23° C., for Sofia 18° C. Maximum temperatures 35-40° C., for Sofia 35°..
On this day in 1991 the Seventh Grand National Assembly adopted the new Constitution of Bulgaria and dissolved itself, BTA recalls. This was the first new constitution in the former socialist camp, which came into effect the very next day, July 13. On..
The Bulgarian MPs have adopted regulations for the organization and activities of the National Assembly, BTA reported. The majority rejected the proposals of "Vazrazhdane" and ITN to have the MPs tested for drugs. ITN's proposal provided for the..
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.,..
Caretaker Premier Dimitar Glavchev and the Director of the General Directorate Fire Safety and Civil Protection, Chief Commissioner Alexander Dzhartov,..
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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