The war in Ukraine is putting the world economy to the test, and UN experts are presenting an outlook for 2023 with the slowest growth rate in a decade.
For Bulgaria the outlook is for a slowdown of growth from the expected 3% for 2022 down to 1.5% for 2023. This is an index which places Bulgaria among the best-performing countries in the EU, because the projected growth rate for the entire union is 0.2% in 2023. In 2024, the growth of the Bulgarian economy is expected to pick up, reaching 3%. Inflation in Bulgaria is expected to slow down from the expected 14% in 2022 to 7.5% in 2023, and to 3.2% in 2024. The labour market remains stable. According to UN estimates, in 2022 unemployment stood at 5.3%, and will reach 4.3% in 2023.
In the next 12 months, the Bulgarian business needs about 262,000 workers and specialists , according to a study by the Employment Agency. This is nearly 9.3% of the currently employed. Compared to the results in 2023, there is a..
There will be pilot testing of ground-based silver iodide generators for hail protection in two zones where the use of rockets is not allowed, the Deputy Minister of Agriculture Ivan Kapitanov said. At a meeting with Claude Berthet,..
The German economy has been shrinking and the government expects a decline of 0.2% of GDP. Some of the main reasons for this include unresolved structural problems related to lack of energy security, excessive bureaucracy and shortage..
Partly Cloudy
Mostly Cloudy
Cloudy