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.
During the next 24 hours, cumulus clouds will develop again over the western half of the country. At night, there will be short-term rainfalls and thunderstorms in many places. There are conditions for hail and local intense phenomena..
President Rumen Radev did not accept the Council of Ministers' proposal to lead the Bulgarian delegation to the NATO summit in Washington, the presidency said. Rumen Radev did not agree with certain provisions of the framework positions adopted..
After an accident that took place when Unit 6 of the Kozloduy NPP was shut down for repairs, no personnel were exposed to radiation, no leakage of radioactive water into the Danube River occurred, and some operators from the plant..
Bulgarian prosecutors and the FBI have worked together to uncover an embezzlement scheme involving Ruja Ignatova , acting Prosecutor-General Borislav..
An alert of the highest threat level issued by one of the most influential intelligence services in the world is the reason why the home of GERB leader..
At the European Council, Bulgaria will insist on including a text on the Republic of North Macedonia in the adoption of the conclusions of the meeting ,..
sunshine, cloud, rain and thunder
Partly Cloudy
Mostly Cloudy
Partly cloudy, chance of rain