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.
May 24 has been declared Bulgarian Cultural Heritage Day in Seattle , according to BNR correspondent Elena Tsaneva in Chicago. 'May 24 marks the creation of the Cyrillic alphabet, which became a cornerstone of literacy and communication for..
The Minister of Tourism, Miroslav Borshosh, met with the Ambassador of the United Kingdom to Bulgaria, His Excellency Nathaniel Copsey. They discussed opportunities for expanding bilateral cooperation in tourism and developing specific initiatives to..
In Rome, Bulgarian Prime Minister Rosen Zhelyazkov met the Grand Chancellor of the Order of Malta, Riccardo Paternò di Montecupo. Zhelyazkov emphasised that Bulgaria values the Order's noble and humanitarian activities, which align with the shared..
Strengthening bilateral economic cooperation between Bulgaria and Italy, participation in joint defense projects and achieving peace in Ukraine were the..
The retirement age should not be changed – this is the position expressed by Social Minister Borislav Gutsanov talking to the Bulgarian National..
Bulgarian virtual influencer Ahinora made her debut in the European Parliament, greeting MEPs. Ahinora is the first Bulgarian avatar, and now an..
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