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Hristo Aleksiev

The fuel discount measure remains in place throughout December: Deputy PM Hristo Aleksiev

The measure of a 25 stotinki (0.13 eurocent )  discount per litre of fuel will be in place until the end of the year, and will cost 40 million Leva (EUR 20.4 million) , Hristo Aleksiev, Deputy Prime Minister and Minister of..

19.11.22 13:06 |

Inflation in Bulgaria slows down

A slow-down in inflation in Bulgaria has been observed for the first time in recent months. In October it was 17.6% year-on-year, while a month earlier it was close to 19%.  Trade unions: Inflation rate feels like 45% The National..

15.11.22 17:54 |

Caretaker cabinet to submit draft budget for 2023 if MPs reach a consensus on a baseline budget

The caretaker cabinet will submit a draft budget for 2023, if the MPs reach a preliminary consensus on a baseline budget, President Rumen Radev said at a meeting with the President of the Confederation of Independent Trade Unions in Bulgaria..

11.11.22 16:24 |

Trade unions stage large-scale protest in Sofia

“There is a need to raise people’s incomes, because their cost of living has increased. End of story!”, contends Dimitar Manolov, President of the Confederation of Labor “Podkrepa”. Bulgaria’s two largest trade unions - the Confederation of Labor..

11.11.22 14:56 |

Dissatisfaction over low incomes and high inflation escalates in Bulgaria

A major strike organized by trade unions blocked the whole of Belgium a day ago and the situation in neighboring Greece is similar. Thousands of people protested there demanding wage rise. In Greece, the minimum monthly salary is 713 euros, but inflation..

10.11.22 13:46 |
Plamen Dimitrov

Trade unions: Inflation rate feels like 45%

According to The Confederation of Independent Trade Unions of Bulgaria (CITUB), the real inflation in the small consumer basket for the country is 45%.  "A year ago, a litre or a kilo of the 20 goods and services we purchase every day - bread, milk,..

30.10.22 16:58 |
Nikola Stoyanov

Minister of Economy: Caretaker government has tamed soaring energy prices

Bulgarian economy has been very stable since 2021, despite the crises , with very high growth in both exports and imports. In the last quarter of 2021, GDP grew by more than 10%.  World Trade Organisation data for the first half of 2022 also show..

30.10.22 13:25 |
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National Bank Governor: Eurozone membership is above all a political matter

There is a real risk that Bulgaria will not be able to join the eurozone on January 1, 2024, the Governor of the Bulgarian National Bank Dimitar Radev warned during a hearing in the National Assembly. "The delay in joining the euro area is..

27.10.22 19:20 |

How long will the price storm in Bulgaria rage?

The elections have passed but uncertainty about the future after them remains. To the expectations for a regular cabinet with a longer work horizon, people also add the hope that the MPs will try to control inflation and to raise incomes. Before the..

17.10.22 15:27 |

Annual inflation reaches 18.7% in September

The annual rate of inflation accelerated for the 19th consecutive month and reached 18.7% in September compared to 17.7% in August, data from the National Statistics Institute show. This has been its highest level since 1998, when..

17.10.22 13:33 |

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