The European Commission confirmed its economic forecast about the Bulgarian economy. According to its projections, Bulgaria’s economy will grow with 3.3% in 2019 and with 3.4% in 2020. The growth rate is expected to slow down in the second half of the year due to worse external conjuncture. The positive trends in the disposable incomes will help this country maintain the dynamics of private consumption. The stable profits, suitable financial conditions and economic expectations of the local economy will encourage investments. Increased consumer confidence can encourage private spending, the forecasts also show. In the first five months of 2019 inflation accelerated due to the higher prices of fuels and foods and will continue to grow after the increase of the prices of electricity, the report further reads. Inflation is expected to slow down to 2.4% in 2019 and 1.7% in 2020.
The forest wildfires during the past weeks endangered people and settlements, but also valuable natural habitats which are home to an enormous variety of species, some of them globally endangered, the Bulgarian Society for the Protection of Birds..
Vice President Iliana Iotova stated that accusations will likely be targeted at the new caretaker cabinet that it will be used for political purposes. “This caretaker cabinet is not the president’s. It is time to take off all the masks and say..
The ten new metro stations of the Sofia metro will be finished in 2027, said Sofia Mayor Vassil Terziev who inspected the extension of the third line. 46% of all passengers who travel every day use the underground, he said. “I am very pleased with..
President Rumen Radev appointed Bulgarian National Audit Office Vice-President Goritsa Grancharova-Kozhareva as the next caretaker Premier. The..
The emblematic Egyptian vulture is making a comeback after being on the verge of extinction, the Bulgarian Society for the Protection of Birds (BSPB)..
On Saturday the weather in Bulgaria will be sunny . Over Central and Eastern Bulgaria there will be temporary increases in clouds and in places it will..
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