Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

EC: Bulgaria to see 12% inflation in 2022

Photo: Archive

Gas prices are expected to rise on a one-off basis due to the halted supplies from Russia, but they will be offset by alternative supplies, according to European Commission's latest spring macroeconomic forecast for Bulgaria. Energy prices are expected to start falling after the summer.


The inflation rate prognosis for 2022 is 11.9%, while for 2023 it is 5%. The country's GDP growth for 2022 will plunge to 2.1 percent from 4.2% in 2021. Growth of 3.1 per cent is projected for 2023.


To soften the impact of high energy prices, employers will limit wage increases, freeze job openings and investment, trying to keep unemployment rate below 5 percent.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Orange weather alert for dangerously hot weather nationwide

On Friday the weather will be sunny and hot. Clouds will form in the afternoon but there will only be isolated showers in some parts in Eastern Bulgaria. Minimum temperatures 20-24° C., for Sofia 20° C., maximum 34-39° C., for Sofia 34° C...

published on 7/11/24 6:10 PM

Delyan Peevski launches an alternative website of DPS

Delyan Peevski launched an alternative website of the Movement for Rights and Freedoms (DPS) at https://dpsbg.eu/ . This website includes information about the latest media statements of one of the DPS chairmen, Delyan Peevski.  The old website..

published on 7/11/24 6:03 PM

Two NATO logistics corridors will pass through Bulgaria

Bulgaria will be the intersection point of two NATO logistics transport corridors. Under an agreement signed at the NATO Summit in Washington, Italy, Albania, North Macedonia and Bulgaria will cooperate within the Pan-European Transport Corridor No...

published on 7/11/24 5:53 PM