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 will be thick cloud cover overnight and rain showers in places, especially in central areas. Morning fog will develop in the valleys and lowlands. There will be light to moderate winds from the west-northwest. Minimum temperatures will..
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 road deaths! Protect our children - the future of Bulgaria". The march will start from the..
The Burgas Aviomuseum is dedicating the month of September to one of its special showpieces - the Mi-2 helicopter , which made its maiden flight on 22 September 1961. "The Mi-2 was the first Soviet helicopter with two gas turbine engines. It was..
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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