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.
Folk songs and dances bring together lovers of Bulgarian folklore at the annual Folk Costume Festival in Zheravna . This year the event will be held from August 23 to 25. Among the participants in the folk festivities will be musicians from the..
Friday will be sunny with clouds in the afternoon , especially in the east where there will be showers and thundershowers. Minimum temperatures will be between 16 and 21°C, 16°C in Sofia. Highs will be between 30 and 36°C, 31°C in the capital. The..
More than 800 teachers, principals and school psychologists have signed a petition opposing the changes to the pre-school and school education act banning LGBT propaganda in schools. Vazrazhdane party will file a signal to the prosecutor's office..
Any action that creates conditions for stigmatisation of a group of people, persecution, division and hatred in society is contrary to all the leading..
As the snap election draws nearer, GERB leader Boyko Borissov called for shared responsibility with the other political forces. This took place at a..
23 August is a day of commemoration of the victims of the crimes committed by the national socialist, communist and other totalitarian regimes...
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