“Inflation in Bulgaria is much higher than the average in Europe. It is a matter of time for the prices to start turning back,” Minister of Economy in the caretaker cabinet Nikola Stoyanov said for the BNR.
Wholesale prices are calming down, though not retail prices. Price caps do not work. The authorities are hoping that the e-platform containing price-formation information will boost competitiveness and bring down prices, Minister Stoyanov said further, and went on to cite employers that as a kind of insurance policy, in uncertain times everyone tends to elevate the mark-up. But things are not uncertain now, there is fuel, and we expect food prices to start going down. This is a battle the caretaker government is waging for a better life, Nikola Stoyanov said, and added he expected the inflation rate to drop down to single digits by May.
A new lane for heavy trucks over 12 tons will be opened at the Danube Bridge in Ruse, announced Ruse Regional Governor Dragomir Draganov. The initiative comes from the National Customs Agency, which collects the toll for crossing the facility,..
''The negative impact on Bulgaria from a possible introduction by the U.S. of a 25% tariff on EU goods would amount to USD 678 million . This would mean a 0.49% annual decrease in the country’s total exports compared to the levels without..
Gorna Oryahovitsa is the largest non-district town in Northern Bulgaria. It is located near Bulgaria’s old capital, Veliko Tarnovo, and is an important railway junction. To mark the 155th anniversary of its declaration as a town, the local History..
A new lane for heavy trucks over 12 tons will be opened at the Danube Bridge in Ruse, announced Ruse Regional Governor Dragomir Draganov. The initiative..
On July 7, the Bulgarian National Bank (BNB) puts into circulation a silver commemorative coin titled "175 Years Since the Birth of Ivan Vazov", BNB..
Gorna Oryahovitsa is the largest non-district town in Northern Bulgaria. It is located near Bulgaria’s old capital, Veliko Tarnovo, and is an important..
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