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.
The standard of living in Sofia and some larger cities in Bulgaria is high. However, more attention should be paid to the regions of the country that are significantly lagging behind in terms of income, economist Georgi Vuldzhev has..
The formation of the next aid package for Ukraine is at the final stage and it can be submitted to the Council of Ministers today, said caretaker Minister of Defense Atanas Zapryanov, who participated in a conference on the occasion..
The return of the second mandate was not unexpected, deputy chairman of the BSP Kristian Vigenin said. According to him, forming a government within the framework of the 50th parliament is increasingly difficult to achieve...
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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