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.
Major repairs to the Danube bridge at Ruse begin on 10 July, the Road Infrastructure Agency has announced. The work will be carried out daily during daylight hours for 10-12 hours a day, depending on the specific work to be carried out, and there..
Wednesday will be hot and sunny. There will be clouds in the afternoon, but rain will only fall in parts of Eastern Bulgaria and in the mountains. Minimum temperatures will be between 17 and 21°C, 18°C in Sofia. Maximum temperatures will be between 34..
The MPs from We Continue the Change (PP) reaffirmed at a meeting the position of the National Council of PP that "within the 50th National Assembly, there is no necessary majority for the creation of a truly reformist, anti-corruption and..
The start of the major repair of the Danube Bridge near Ruse is the reason for a serious conversation about the connectivity between..
The Chairman of the GERB-SDS Parliamentary group, Boyko Borissov, sent an official refusal to the Movement for Rights and Freedoms (DPS) and confirmed..
During a discussion with US President Joe Biden at the 75 th anniversary NATO summit in Washington DC, Bulgaria’s caretaker Prime Minister Dimitar..
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