In May, inflation in the European Union set a new record and reached 8.8 percent on an annual basis, Eurostat reported, quoted by BTA. In the Eurozone alone, inflation is 8.1 percent. As a result of the crisis in Ukraine, in 14 EU countries, annual inflation in May was higher than the European Union-wide average.
In terms of the rising cost of living, Bulgaria is in fifth place with 13.4% on an annual basis, after Estonia (20.1%), Lithuania (18.5%), Latvia (16.8%) and the Czech Republic (15,2%).
The data are according to the Harmonized Index of Consumer Prices (HICP).
There will be no increase in taxes or suspension of social payments, Minister of Labor and Social Policy Borislav Gutsanov said in an interview with public broadcaster BNT. Borislav Gutsanov stated that the Ministry of Labor and Social Policy..
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The convergence report for joining the Eurozone will be requested after February 18, when the draft state budget is submitted. In an interview with public broadcaster BNT, Bulgaria’s Prime Minister Rosen Zhelyazkov stated that the draft budget..
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