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.
The 32nd National Festival of Karakachans is taking place in the "Karandila" area near the city of Sliven on August 23. The event is organized by the Federation of Cultural and Educational Societies of the Karakachans in Bulgaria. The..
At night, in places in the central and eastern part of the country there will be short-term showers with thunderstorms. By morning the precipitation will stop. Cloudiness will decrease from the west. On Saturday it will be..
In the last days of the hottest month - from August 27 to 30, the performance "Samodiva" will be premiered in London. This is an innovative, immersive dance production inspired by Bulgarian folklore myths. It is the work of..
At night, in places in the central and eastern part of the country there will be short-term showers with thunderstorms. By morning the..
The 32nd National Festival of Karakachans is taking place in the "Karandila" area near the city of Sliven on August 23. The event is..
Partly Cloudy