Average annual inflation will hit 10.4 per cent in 2022, according to the Treasury's spring macroeconomic forecast, against an expectation of 3.1 per cent when the state budget was set.
Transport fuels will rise by 25.1%. Brent oil will average $100 a barrel. Food, services and non-energy products will see serious increases.
Inflation of more than 12% is possible in case of further complications with the main risk being the course of the war in Ukraine.
Unemployment will remain low, but economic growth will slow to 2.6%, compared to 4.8% expected before.
Bulgaria’s industry is being transformed in the direction of high added value productions, reads an analysis by the Institute for Market Economics. This tendency is best manifested in computer science, electronics and optics which account for the..
Acceleration of inflation to 1.1% in October compared to the previous month was registered by the National Statistical Institute. On an annual basis, the index is 1.8 percent. In October, the prices of goods and services for..
A working group comprising representatives of employers, trade unions and government experts is discussing the proposals of the Ministry of Labor and Social Policy for introducing a new mechanism to determine the minimum wage. This is happening a day..
In 11 district cities in Bulgaria, 1 square meter of residential space costs under EUR 1,000. In 13 district cities, the price ranges from EUR 1,000 to..
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