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.
Bulgaria's Caretaker Prime Minister Dimitar Glavchev, who is in the US for the Summit in New York, met in Chicago with businessmen, representatives of various Bulgarian organizations, schools and cultural centers. He congratulated the..
"The number of people addicted to nitrous oxide (commonly known as laughing gas) is growing - this fashion flooded the market, the risks were underestimated and now we are noticing the consequences," Rositsa Stanulova from the Prevention and..
The average loss of water in the water distribution system of the country is 65%, according to the statistics presented by the caretaker Minister of Regional Development Violeta Koritarova. The data come in the backdrop of news of..
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..
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