Annual average inflation of 11.9% is the government's forecast in the July 1 budget update. The draft is on the finance ministry's website and proposes the government's borrowing limit to be raised to €5bn.
The unfavorable prospects for the budget will severely hamper Bulgaria's accession to the Eurozone in 2024, according to the Annual Report on Economic Development in the country by the Economic Research Institute at the Bulgarian Academy of Sciences .
If the war in Ukraine continues, stagflation is a possible scenario for the Bulgarian economy in 2022 because higher energy prices make exports more expensive and uncompetitive as foreign markets shrink, the report says.
On Wednesday, the lowest temperatures will range between minus 8°C and minus 3°C, for Sofia around minus 7°C . During the day, snow showers in the northeastern regions will begin to stop, but in southeastern Bulgaria it will still snow in many places...
Career Foreign Service Officer Susan Falatko has arrived in Sofia on February 18 to assume the role of Chargé d’Affaires. Prior to this appointment, Ms. Falatko’s service includes assignments as Deputy Chief of Mission and Chargé d’Affaires at the..
Bulgaria's President Rumen Radev convened today a meeting of the National Security Advisory Council, dedicated to the risks and threats to national security arising from the spread of narcotic and intoxicating substances among the younger generation and..
The Bulgarian Ministry of Tourism will work to create a map of important, but hard-to-reach tourist and cultural-historical sites. The goal is then to..
Bulgarian Finance Minister Temenuzhka Petkova will travel to Brussels to provide an update on Bulgaria’s progress towards euro area accession. The..
Bulgaria’s President Rumen Radev named Sofia Airport after the Apostle of Freedom Vasil Levski, the press secretariat of the head of state announced...
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