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 fulfils three of the Maastricht criteria for joining the euro zone, but still does not meet the price stability and inflation targets, according to a report by the European Commission, as quoted by BTA. Bulgaria does not currently meet the..
Bulgaria will receive €65.2 million from the EU for a project to reinforce the electricity grid to better support the integration of renewable energy, the European Commission said in a statement. The money is part of a total of nearly €3 billion..
Bulgaria ranks 58th out of 67 countries in the World Competitiveness Yearbook of the Institute for Management Development (IMD), Switzerland. The country has shown a lack of progress since 2021 and dropped 10 positions compared to 2020 and 20..
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