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.
Support for Ukraine is a losing position, President Rumen Radev said regarding the position of Prime Minister Rosen Zhelyazkov after the meeting between US President Donald Trump and Ukrainian President Volodymyr Zelensky, which..
“We Continue the Change” party has declared full support for President Volodymyr Zelenskyy and the Ukrainian people, who in the most difficult times are defending not only their national interests against the aggressor, but also..
President Rumen Radev will host the traditional Iftar dinner on the occasion of the beginning of the holy month of Ramadan for Muslims. Representatives of the Muslim community, other basic denominations, diplomats, public figures..
Foreign Minister Georg Georgiev today received at the Foreign Ministry Susan Falatko, who arrived in Sofia a few days ago as Charge d'Affaires of the U.S...
The Ministry of Foreign Affairs has advised Bulgarian citizens to avoid traveling to Greece because of a planned national strike today. The Foreign Ministry..
The number of pensioners in January this year increased by 15,630 people, or 0.8%, compared to the first month of the previous year, the National Social..
Scattered showers
Rain
Overcast, rain
Rain / Snow