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.
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 told bTV. About 440 personnel, in 15 formations in southern Bulgaria and seven formations in..
For the seventh day now the efforts to put down wildfires in the area of the border municipality of Bolyarovo, near the border with Turkey, continues . There is no danger to settlements, but the outbreaks between the villages of Voden and Golyam Dervent..
At 11.00 a.m. today, President Rumen Radev will hand over a mandate to form a government to the candidate for prime minister, nominated by the second largest parliamentary group in the 50th National Assembly - that of "We Continue the Change-Democratic..
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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