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.
Conditions for winter sports and hiking in the mountains are good. The weather in the mountains is sunny and clear, with a light wind in some parts on higher ground, according to the website of the mountain rescue service of the Bulgarian Red..
The Visitor Centre on Lake Pomorie will be welcoming visitors free of charge today, 1 February, on the occasion of World Wetlands Day, which will be celebrated on 2 February. This was announced by the Municipality of Pomorie. The centre will be open..
On Saturday, fog or low clouds will cover the plains and sheltered valleys. Minimum temperatures will be between 0 and 5°C, around 1°C in Sofia. Sunny weather will prevail during the day, with more clouds in the northeast and in the afternoon in the..
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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