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.
In 2024, Bulgarian employers increased the import of labor from non-EU countries, according to data from the National Employment Agency. A total of 15,560 foreign nationals arrived for short-term employment, which is 35% more than in 2023. Most..
Bulgaria and North Macedonia will not jointly celebrate the 153rd anniversary of the birth of Gotse Delchev on February 4. Bulgaria has not received an invitation to commemorate Gotse Delchev's birth anniversary together, Minister of Foreign Affairs..
On February 3, Prime Minister Rosen Zhelyazkov will participate in an informal meeting of EU leaders focused on strengthening European defense. The informal meeting will take place at the Palais d’Egmont in Brussels. The discussions will cover..
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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