In an uncertain environment, economic policies need to deal with significant challenges. While the recovery from the pandemic-induced crisis was getting hold, the war in Ukraine is expected to have a significant economic impact, including by slowing growth and increasing inflation, the International Monetary Fund warned in its Concluding Statementat the end of its official mission to Bulgaria.
Growth is tentatively projected near 3 percent this year, while inflation will likely reach double digits.
Bulgaria’s Finance Ministry expects annual inflation of 10.4%Cabinet drafts urgent anti-crisis measures to fight inflation
The Fund recommends a reform of the tax system as well as a more efficient allocation of public spending. The nominal wage freeze set in the current budget may no longer be desirable in a high inflation environment, experts say.
At night, mainly in the north-eastern regions Bulgaria, there will be temporary increases in cloudiness and short rainfalls with thunder. The sky will be mostly clear in the rest of the country. On Tuesday , the air mass over..
A man and a child have died after they were struck by lightning in the area of Mount Zhultets near Mount Botev in the Central Balkan Mountains. The alert was sent to the mountain rescue service at around 13.30 by a child who was with them, reports BNR..
The fire on the territory of the villages of Voden, Krainovo and Strandzha in the municipality of Bolyarovo has been controlled and localised. Interior Ministry teams will be on the ground to ensure that the fire does not flare up again, Interior Minister..
A total of 60 officers from the Bezmer and Kabile units are on the ground with equipment for firefighting, Bulgaria's Defence Minister Atanas Zapryanov..
A state of emergency remains in force in seven villages in the border municipality of Bolyarovo. The fight against the fire at the village of Voden..
A fire has started in Greece a kilometre and a half from the Bulgarian border and is slowly moving towards it. The fire is located in an extremely..
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