The International Monetary Fund has raised its forecast for Bulgaria’s economic growth up to 3 percent this year and to 2.8 percent next year. This is said in its report for the global economic outlook. In April IMF expected Bulgaria’s GDP to grow by 2.3 percentboth in 2016 and 2017. The fund now predicts that Bulgaria will see deflation of 1.6 percent in consumer prices this year while its April forecast was at just 0.2 percent. The institution has predicted an acceleration of inflation to 0.6 percent next year. The forecast for the level of 2016 unemployment in the country has been reduced to 8.2 percent down from 8.6 percent as forecast in April. IMF expects that in 2017 unemployment will be down to 7.1 percent.
Bulgaria’s accession to the United States Visa Waiver Program is a strategic priority for the Bulgarian government , Tourism Minister Miroslav Borshosh announced at the opening of an information event focused on visa procedures aimed at expanding tourism..
Only three regions of Bulgaria have an average pension exceeding 500 euros: Sofia, Pernik and Burgas. The capital has the highest average pension in the country at 580 euros. The lowest average pensions are in Razgrad at 392 euros. These are the latest..
The government will not debate the introduction of the euro in Bulgaria , said Prime Minister Rosen Zhelyazkov at a discussion organised by the Economic and Social Council of the Republic of Bulgaria. He added that all responsible politicians and..
During his participation in the 20th World Meeting of Bulgarian Media in Varshets, President Rumen Radev expressed concern that prices will rise as soon..
Cash in Bulgaria exceeds BGN 30 billion. The Association of Banks in Bulgaria is urging citizens to deposit their cash before the introduction of..
“We often say that Bulgaria extends as far as there are Bulgarians. In order for these spiritual borders of Bulgaria to be vibrant and strong, there..
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