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.
Under the EU Civil Protection Mechanism, Spain has said it will send two aircraft, each with a capacity of around 6 tonnes, to help fight the wildfires in Bulgaria. It is likely that the flying machines will be able to join the extinguishing efforts as..
Bulgaria is actively working with Greece and Romania to secure EU funding for infrastructure projects to be used for both military and civilian purposes. This is what Bulgaria's Defence Minister Atanas Zapryanov explained to the MPs in Parliament..
Sofia Airport has not been affected by the global IT outage , which has hampered companies from all over the world, the press centre of Sofia Airport told BTA. There might be cancelled or delayed flights because of other affected airports or..
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 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 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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