The decision of Great Britain to leave the European Union will slow down economic growth in Bulgaria and as a result the budget deficit is likely to go up, Unicredit Bulbank has said. According to the bank the shock of Britain’s decision will cause a slowdown of economic growth in Bulgaria by 0.2 percent this year and by 1.1 percent next year. In the latest Ministry of Finance outlook, growth will reach 2.1% in 2016 and 2.5% in 2017. The bank’s analysts argue that Bulgarian exports will suffer most from Brexit. Investments will be affected too though not so strongly. A more limited effect is expected on the financing of the government and on the economy as a whole.
On Wednesday morning, visibility will be reduced in places in the plains and valleys. Minimum temperatures will be between minus 10 and minus 4°C, reaching minus 14°C in some basins. In Sofia it will be around minus 10. During the day, clouds will break..
All international airports in Bulgaria will be equipped with anti-drone systems. This was agreed upon by Deputy Premier and Minister of Transport and Communications Grozdan Karadzhov and representatives of the airports in Sofia, Varna, Burgas,..
EUR 200 billion will be available for the development of artificial intelligence in Europe, and Bulgaria should make the most of this opportunity, said Premier Rosen Zhelyazkov in Paris, where he participated in the Artificial Intelligence Summit...
Bulgaria is participating at the Lisbon Food Affair (LFA) – the largest food trade fair in Portugal, which opened today and will run until..
From February 10 to 22, the largest NATO military exercise of the year, Steadfast Dart - 2025 (STDT25), will be held in the areas of the Tsrancha..
By the end of September, Bulgaria will receive eight F-16 Block 70 fighter jets, Minister of Defence Atanas Zapryanov has told Nova..
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