Annual average inflation of 11.9% is the government's forecast in the July 1 budget update. The draft is on the finance ministry's website and proposes the government's borrowing limit to be raised to €5bn.
The unfavorable prospects for the budget will severely hamper Bulgaria's accession to the Eurozone in 2024, according to the Annual Report on Economic Development in the country by the Economic Research Institute at the Bulgarian Academy of Sciences .
If the war in Ukraine continues, stagflation is a possible scenario for the Bulgarian economy in 2022 because higher energy prices make exports more expensive and uncompetitive as foreign markets shrink, the report says.
Overnight it will be clear and almost quiet. Sunday will be sunny, with cumulus clouds over the mountains and mountainous areas in the afternoon. In some places, mainly in the Rila-Rhodope area, it will rain, possibly even thunder. Maximum..
The BSP will remain in opposition and will not support a government with the mandate of neither GERB, nor DPS. The decision was taken by the BSP National Council. This is what Atanas Zafirov told journalists, who will serve as interim chairman of the BSP..
Bulgaria is among the countries in Europe where the tiger mosquito, which carries viruses such as dengue and zika, has become established. This was announced by the European Centre for Disease Prevention and Control and warned of a rise in mosquito-borne..
After last night's storm, accompanied by hail and strong winds, several municipalities in Bulgaria suffered serious damages and..
Speaking in Stara Zagora at the Fourth National Convention of the Reserve Army, President Rumen Radev stressed the need for basic military training for..
Rainfall in Bulgaria so far has been below climate norms. Viktoria Kleshtanova, a weather analyst at the National Institute for Meteorology and Hydrology..
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