Gas prices are expected to rise on a one-off basis due to the halted supplies from Russia, but they will be offset by alternative supplies, according to European Commission's latest spring macroeconomic forecast for Bulgaria. Energy prices are expected to start falling after the summer.
The inflation rate prognosis for 2022 is 11.9%, while for 2023 it is 5%. The country's GDP growth for 2022 will plunge to 2.1 percent from 4.2% in 2021. Growth of 3.1 per cent is projected for 2023.
To soften the impact of high energy prices, employers will limit wage increases, freeze job openings and investment, trying to keep unemployment rate below 5 percent.
The ruling majority has introduced a bill limiting the export of diesel and aviation fuel. “This is a temporary measure. There is fuel for months to come, not counting the State Reserve,” Delyan Dobrev from the GERB party, said...
Israel announced that it had identified the bodies of hostages Sahar Baruch and Amiram Kuper. They were handed over by Hamas on the evening of October 30 to the Red Cross in Gaza, BTA reported. "Following the identification process..
The real estate market in Bulgaria has been in the eurozone for a long time. Prices will not undergo significant changes after the introduction of the common currency. This was what financier Levon Hampartzoumian said at the 11th..
With the blessing of the Holy Synod of the Bulgarian Orthodox Church, a mobile application for believers has been available on the..
For a month after the start of the implementation of average speed control on 12 road sections in the country, 33,288 files with..
It is theoretically possible that Bulgaria could apply for a third payment under the Recovery and Resilience Plan by the end of 2025,..
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