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.
The Independence Day celebrations in Veliko Tarnovo began in the Church of the Forty Martyrs , where on 22 September 1908 Prince Ferdinand I read the manifesto declaring the Principality of Bulgaria an independent kingdom. "We know that with joined..
In response to several publications and statements by Hungarian officials regarding the delivery of communication equipment to Lebanon and Syria, the Bulgarian Foreign Ministry stressed that thorough investigations conducted by the State Agency for..
Veliko Tarnovo is the centre of the celebrations of the 116th anniversary of the declaration of Bulgarian Independence, which was proclaimed on September 22 1908 in a manifesto by Prince Ferdinand I in the Church of the Forty Martyrs and later announced..
The weather in Bulgaria will be sunny on Tuesday. Cloudiness will increase from the west The minimum temperatures will be between 7 °C and 12°C, in..
On October 10, the European Commissioner for Internal Affairs Ylva Johansson and the Minister of Internal Affairs of Hungary will propose to the Council..
The European Commission has approved the transfer of EUR 90 million that remained unused by Bulgaria during the previous financial..
Mostly Cloudy
Partly cloudy, chance of rain
Partly Cloudy