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.
On the first day of school, caretaker Minister of Education and Science Prof. Galin Tsokov greeted principals, school teachers and educational specialists at educational establishments, first graders and students, and parents. Calling the day a..
Bulgarian Patriarch and Metropolitan of Sofia Daniil has circulated a message to teachers, pupils and parents, on the occasion of the start of the school year starting today. “Remember always that the source of all true knowledge and wisdom is our..
At a meeting today, the National Council for Tripartite Cooperation will discuss a draft decree of the Council of Ministers setting the country's poverty line for 2025, submitted by the Minister of Labour and Social Policy. The government proposes..
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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