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.
The Central Election Commission and the Council of Ministers will work together to increase confidence in the electoral process and ensure transparency in the elections, the Central Election Commission’s Chairperson Kamelia Neykova said after a..
The National Council for Tripartite Cooperation held a meeting at which a draft decree of the Council of Ministers was considered on determining the poverty line for the country for 2025 . The Government proposes to raise the poverty line from 526 BGN..
Bulgaria's President Rumen Radev described his meeting with the President of the Republic of North Macedonia Gordana Siljanovska-Davkova, which took place on Friday, September 13 , in Sofia, as constructive and frank in a friendly atmosphere...
One day before the start of the new school yea r 2024/2025, the association "Angels on the Road" organised a protest march with the slogan: "Stop the..
There will be thick cloud cover overnight and rain showers in places, especially in central areas. Morning fog will develop in the valleys and lowlands...
The 2024-2025 school year will be the first in decades in which text books will be free for all pupils. 509 text books and general subjects study sets..
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