Inflation in Bulgaria in April has gone down to 0.3% compared to March and to 11.6% compared to the same month last year, the National Statistical Institute said. Year-to-date inflation (January 2023-April 2023) is 3% and the average annual..
The draft budget, with a deficit of 6.4%, contradicts the Public Finance Act. Caretaker cabinet approves 2023 draft budget In a Fiscal Council position sent to parliament, experts recommend measures for restricting the deficit in the..
Following the approval of the 2023 draft budget, the caretaker cabinet decided to table it to the National Assembly. According to the draft budget, the budget deficit for 2023 is set at 6.4% of the country’s gross domestic product. According to..
The caretaker government is proposing a state budget bill for 2023 with a deficit of 6.4% of the GDP, or more than twice the 3% required by the Eurozone criteria . This was announced at a briefing by Prime Minister Galab Donev and Finance Minister..
"Bulgaria needs to defend an active position regarding the EU fiscal rules reform which appear s to be gaining momentum. As a country with one of the best debt-to-GDP ratios, it should receive support a nd not be penalized, if within one year the..
Due to shrinking consumption and export, Bulgaria’s economy will slow down its growth down to 1.8% in 2023, according to the Ministry of Finance spring macroeconomic forecast. In 2022, the growth rate was 3.4%. Due to the war in Ukraine an..
Officially, the total inflation in Bulgaria for the past two years stands at over 28%, and it has impacted every household in Bulgaria. Against the backdrop of this figure, the trade unions in the country are demanding that all people, whose salaries..
Bulgaria has the lowest Gross Domestic Product per capita among the 27 member states of the European Union , Eurostat's preliminary estimates show. While Luxembourg and Ireland have recorded the highest level of GDP – respectively, with 161%..
The number of persons employed in the Bulgarian economy was 3.5 million in 2022. According to preliminary data, the gross domestic product per person employed in Bulgaria went up by 2.1% year-on-year in 2022, the National Statistical Institute..
Earthquake diplomacy warms Turkiye‘s ties with Greece and Armenia Greek foreign minister Nikos Dendias has visited the earthquake-stricken areas of Turkiye, accompanied by his Turkish counterpart, Mevlut Cavusoglu. Nikos Dendias‘ visit was..
