In an uncertain environment, economic policies need to deal with significant challenges. While the recovery from the pandemic-induced crisis was getting hold, the war in Ukraine is expected to have a significant economic impact, including by slowing growth and increasing inflation, the International Monetary Fund warned in its Concluding Statementat the end of its official mission to Bulgaria.
Growth is tentatively projected near 3 percent this year, while inflation will likely reach double digits.
Bulgaria’s Finance Ministry expects annual inflation of 10.4%Cabinet drafts urgent anti-crisis measures to fight inflation
The Fund recommends a reform of the tax system as well as a more efficient allocation of public spending. The nominal wage freeze set in the current budget may no longer be desirable in a high inflation environment, experts say.
There are some foreign employees from EU Member States working in hotels on the northern Black Sea coast, Dimitar Dimitrov, chairman of the structure of the Bulgarian Hotel and Restaurant Association in Dobrich, told BTA. Most..
The ruling coalition is preparing electricity price hike despite assurances that there would be no change for consumers, “We Continue the Change” (PP) say, BTA reports. The document highlights the assurances of the ruling..
The 75 elderly people found locked in facilities in the village of Yagoda near Stara Zagora have been placed in services with appropriate care for their condition and twenty people are already with their families thanks to the joint..
"I have sent letters to all presidents and prime ministers of EU member states, in which I describe the real situation in our country — inflation, the..
At an official ceremony held in Kazanlak, Maria Shamburova was solemnly crowned as the town’s 57th Rose Queen. The coronation show of the Rose..
At night, precipitation will stop and the cloudiness will break and decrease. In the morning hours, short-term fog will form in the..
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