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.
Clouds will temporarily break by midnight. Sunny weather will prevail across most of the country on Monday before midday. Around and after noon, clouds will develop again. There will be brief showers of rain accompanied by thunder in places, more..
I nterior Minister Kalin Stoyanov and Prime Minister Dimitar Glavchev today visited the heavily fire-affected village of Voden and expressed their gratitude to the Turkish firefighters who took part in fighting the wildfires in Yambol region . They,..
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 inaccessible area. On the Greek side, two helicopters and one aircraft are extinguishing the fire...
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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