Text size

Minister of Economy: Caretaker government has tamed soaring energy prices

published on 10/30/22 1:25 PM

Nikola Stoyanov

Photo: Savina Spasova, BNR

Bulgarian economy has been very stable since 2021, despite the crises, with very high growth in both exports and imports. In the last quarter of 2021, GDP grew by more than 10%.

World Trade Organisation data for the first half of 2022 also show that the Bulgarian economy is growing, Minister of Economy Nikola Stoyanov told BNR. Expectations of an increase in the number of job cuts also did not materialise.

According to the minister, inflation is expected to go down and energy prices are contained. The caretaker government has prepared measures that will lead to a lasting drop in fuel prices. Among them is seizing excess profits not only of electricity producers but also of fuel producers, the latter also concerning oil producer Lukoil.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News crisis energy inflation Nikola Stoyanov

More from category

"Agra 2025" brings science and practice together at International Fair Plovdiv

The latest technological solutions, products and projects in the field of agriculture and agro-industry will be presented at the "Agra 2025" exhibition in the halls of the International Fair in Plovdiv, BTA reports. This year's..

published on 2/18/25 7:05 AM

Warning for significant precipitation in ten regions of eastern Bulgaria

On Tuesday, the lowest temperatures will be between minus 5 and 0°C; in Sofia - around minus 5°C. It will remain cold and cloudy with snowfalls over most of the country and rainfall in the southeastern regions. The snow cover will..

published on 2/17/25 6:55 PM

President Radev names Sofia Airport after the Apostle of Freedom Vasil Levski

Bulgaria’s President Rumen Radev named Sofia Airport after the Apostle of Freedom Vasil Levski, the press secretariat of the head of state announced. Thus, its official name becomes Vasil Levski Sofia Airport. According to the Constitution, the Head of..

published on 2/17/25 5:52 PM