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 Tuesday, minimum temperatures will be between minus 3 and 2°C, around minus 2°C in Sofia. During the day, cold air will spread across the country. Clouds will be heavier over southern Bulgaria, with light snow showers in the Rila-Rhodope region and..
Minister of Health Silvi Kirilov has ordered a comprehensive analysis of the regulatory framework in the field of aesthetic medicine. E xtraordinary inspections are also beginning throughout the country for unregulated medical services in the field...
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,..
Economists and financiers have started a petition demanding that a request for an extraordinary convergence report on the introduction of the euro in..
The Deputy Chairman of VMRO, Carlos Contrera, called for a boycott of large food chains in Bulgaria ''because of high prices''. His call on Facebook..
Some of the existing mobile networks in Bulgaria will be switched off in 2025. The Chairman of the Communications Regulation Commission, Ivan..
Rain / Snow
Scattered showers
Mostly Cloudy
Cloudy
Rain