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.
March 18, 2025 has been declared a National Day of Mourning in memory of the young people who died in the tragic fire in a nightclub in the town of Kočani, Republic of North Macedonia . The decision to this effect was made yesterday by the Bulgarian..
At night, the wind will shift from the north-northeast and bring in cold air. On Tuesday, cloudy weather will prevail. In many places there will be snowfalls. The lowest temperatures will be between minus 1°C and 4°C; in Sofia -..
The fire in a discotheque in the Macedonian town of Kocani, which killed 59 young people and injured more than 150, has prompted preventive action by the authorities in Bulgaria. The fire service has launched additional inspections of nearly 260..
March 18, 2025 has been declared a National Day of Mourning in memory of the young people who died in the tragic fire in a nightclub in the town of..
At night, the wind will shift from the north-northeast and bring in cold air. On Tuesday, cloudy weather will prevail. In many places..
The import of manpower from non-EU countries is record high, but does not cover the needs of the business sector. Since the beginning of the year, 4,202..
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