Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

BAS: Stagflation will hit Bulgaria, if war in Ukraine continues

Photo: iStock

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.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Migrants and traffickers stand no chance at Bulgarian-Turkish border

A joint contingent of officers from Bulgaria, Austria, Romania and Hungary has begun work that will strengthen the security of Bulgaria's border with Türkiye, which is now external to Schengen . Minister of the Interior of Romania - Cătălin Predoiu,..

published on 2/3/25 5:37 PM

The Vezhen to continue its voyage to South America

Navigation Maritime Bulgare (Navibulgar) has announced that the sulphur-laden Vezhen, released by the Swedish authorities, will stop in Denmark for repairs and then continue its voyage to South America - Uruguay and Argentina - with minor crew changes...

published on 2/3/25 3:48 PM

Government may request extraordinary convergence report after February 17, says PM Zhelyazkov

The government will request an extraordinary convergence report to assess Bulgaria's readiness to join the eurozone. This is what Prime Minister Rosen Zhelyazkov told journalists in Brussels, quoted by BTA.  He confirmed that joining the eurozone..

published on 2/3/25 3:09 PM