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.
After six decades on stage, pop singer Yordanka Hristova is embarking on a Goodbye tour in the USA and Canada, although she is not ending her career, reports BG Voice. "I want to perform in all the towns while I am still in good shape, not only in..
Today and tomorrow, the town of Apriltsi, located in the Balkan Mountains, is hosting the traditional Festival of Bacon and Mulled Rakia, which brings together thousands of tradition enthusiasts, reported BNR correspondent Plamen Hristov. Visitors..
On Saturday it will be mostly cloudy with occasional sunny spells in the Upper Thracian Lowlands. In eastern Bulgaria there will be light to moderate east-northeasterly winds. Minimum temperatures will be between minus 1° and 4°C, around minus 1° in..
Kristiyan Vladov and Stefan Kyurkchiev of the Plovdiv Museum of Natural History are working on a project to bring live fish from the southern Arctic..
The one-year anniversary of the death of Russian opposition leader Alexei Navalny was marked with a memorial service in Sofia's St Nedelya Cathedral. It..
Bulgarian Finance Minister Temenuzhka Petkova will travel to Brussels to provide an update on Bulgaria’s progress towards euro area accession. The..
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