Bulgaria’s economic growth in 2023 will be 1.7%, the World Bank forecast in a new report. The expected rise has been lowered from the 2.6% growth forecast announced in June. For Eastern Europe, the latest expectations are for growth of 1.1 percent.
Global growth will slow "dangerously close" to recession in 2023, according to the institution, which has slashed its economic expectations due to high inflation, rising interest rates and the war in Ukraine.
A sharp, protracted slowdown is likely to push global growth down to 1.7 percent, nearly half the pace previously forecast and among the weakest in decades, the Washington-based institution said.
The price of natural gas for May is expected to be EUR 37-40 per megawatt-hour, which is 18% less as compared to April, the CEO of the state-owned gas supplier Bulgargaz Denitsa Zlateva said. "We will submit the final price application on May 1, but..
"Whatever the budget is, things will be difficult," caretaker Minister of Agriculture Yavor Gechev told BNR. "Whether the deficit is 3% or 6%, the money will not be enough to implement policies to catch up with Europe," Gechev added...
Co-chairman of "We Continue the Change" party and former Minister of Finance, Assen Vassilev, said that there were two errors in the draft budget for 2023 presented by the caretaker government. In a video on his Facebook page,..
One of the largest Jordanian companies in the mining industry is interested in a partnership with the mining sector in Bulgaria. The Chairman of the..