Acceleration of inflation to 1.1% in October compared to the previous month was registered by the National Statistical Institute. On an annual basis, the index is 1.8 percent.
In October, the prices of goods and services for entertainment and culture increased by 8.6%; for clothing and shoes - by 8.2%, for education - by 1.8%, for housing, water, electricity, gas and other fuels – by 1.1%. There is a decrease of 0.3% in the prices of transport and basic fuels, while those of home furnishing remain unchanged.
Meanwhile, the European Commission announced its autumn economic forecast, according to which inflation in Bulgaria will fall by more than 6% this year compared to 2023. The gross domestic product, on the other hand, will reach a growth of 2.4%. In the previous year the growth was 1.9 percent.
The German economy has been shrinking and the government expects a decline of 0.2% of GDP. Some of the main reasons for this include unresolved structural problems related to lack of energy security, excessive bureaucracy and shortage..
After the election for parliament on 27 October, the caretaker government has to submit a draft of a budget for 2025 to parliament by the end of the month. Some economic analysts say the budget of the country for 2024 is the worst in the past decade. Holes..
Bulgaria's economy will grow by 2.3 per cent this year. This is according to the latest World Economic Outlook prepared by the International Monetary Fund and presented today in Washington. This is down from the Fund's April estimate, which predicted that..
A working group comprising representatives of employers, trade unions and government experts is discussing the proposals of the Ministry of Labor and..
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