Though good and stable, economic growth in Bulgaria is insufficient for catching up with average European levels, reads the regular annual report on the state of the Bulgarian economy of the Bulgarian Academy of Sciences Economic Research Institute.
Depending on the extent to which the country manages to keep up the economic growth rate, it will take 90 to 233 years for Bulgaria to be able to reach European levels. The objective should be anticipatory economic growth and a more significant increase in incomes that will ease social tension, the report reads. There exists capital flight in huge amounts. In 2016 the net capital outflow is estimated at close to 3.400 billion euro, in 2017 - 3.100 billion euro. The net outflow of Bulgarian capital produced in this country is estimated at one third of the investments in the country, Prof. Garabed Minasyan from the Bulgarian academy of Sciences Economic Research Institute said for the Bulgarian National Radio.
Today, t he Rozhen Monastery "Nativity of the Theotokos" will celebrate its patron saint's day with a procession with the miraculous icon of "Theotokos – Portaitissa" and a blessing of the sacrificial (kurban) meal. The monastery lost its..
It will be sunny on Sunday with a temporary increase in cloudiness over the eastern parts of the country and the mountains in the afternoon . Daytime highs will range from 25°C and 30°C, for Sofia around 27°C. It will be mostly sunny over the..
Tsanko Tsankov became the first swimmer to cover a distance of over 100 kilometers in the Danube River. "Tsanko Tsankov did it! 108 kilometers and 250 meters in the Danube River – 18 hours, 12 minutes and 32 seconds! Non-stop swimming!..
From today until September 15, Sofia's Vitosha boulevard and the park in front of the National Palace of Culture are transformed into a huge open-air..
Over a hundred participants in the voluntary teams of the Bulgarian Red Cross for disaster and crisis action, as well as representatives of the..
The two wings of the Movement for Rights and Freedoms party, which intend to participate in the early parliamentary elections on October 27 in coalitions,..
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