The annual inflation rate has accelerated in March for the 13th consecutive month, reaching 12.4% as compared to 10% in February, reaching its highest level since 2008, National Statistical Institute data show. Within the space of just one month, consumer prices have gone up by 2.2%, transport costs by 7.9%, food and soft drinks by 3.3%, hotel and restaurant prices by 2.8%.
Finance Minister Assen Vassilev declared that all proposals for addressing the inflationary pressure will have been summarized within a fortnight, and the package of measures will be ready before the update of the budget in summer.
“The biggest inflationary pressure comes from the supply chain, food, and that is where a large part of the measures should be targeted. The other direction major pressure will probably come from are metals,” he commented.
In Skopje, I am hearing more and more often concerns that relations with Bulgaria are being used as a convenient excuse for the lack of will or ability to undertake the necessary reforms. I do not want to believe this argument, said Bulgaria’s..
The role of the social network TikTok in Bulgaria is growing, including its involvement in disseminating manipulative content. This is stated in a report presented at the European Parliament in Brussels, reported BTA. It was prepared by the..
For the third consecutive year, Sofia University “St. Kliment Ohridski” has been included in a prestigious global ranking. In the QS World University Rankings: Sustainability 2026, the university ranks 814th out of 2,002 universities. It ranks..
Bulgaria’s GDP is expected to grow 3% this year, the European Commission said in its Autumn Economic Forecast, as reported by BTA. The projection marks..
On Tuesday, overnight lows will range from 7°C to 12°C, rising to 12–16°C in eastern Bulgaria and around 9°C in Sofia. It will be a cloudy day with rain,..
The European Commission has approved 70 projects across the EU , worth more than €600 million , to support alternative fuels and reduce vehicle..
Rain
Cloudy
Scattered showers