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.
We will talk about defence funds. We believe that it is too early to talk about increasing the budget when a number of countries have not yet reached 2%, Prime Minister Rosen Zhelyazkov said as he entered an informal meeting of EU leaders in Brussels...
For the third consecutive year, the Consulate General of the Republic of Bulgaria in New York hosted the annual alumni meeting of the American University in Bulgaria, the diplomatic mission announced on Facebook. The event brought together board..
A total of 16,268 people received Bulgarian citizenship in 2024, according to the report from the commission to Vice President Iliana Iotova . In 2023, the number of those who obtained a Bulgarian passport was 12,205. 11,778 people received..
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..
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