The decision of Great Britain to leave the European Union will slow down economic growth in Bulgaria and as a result the budget deficit is likely to go up, Unicredit Bulbank has said. According to the bank the shock of Britain’s decision will cause a slowdown of economic growth in Bulgaria by 0.2 percent this year and by 1.1 percent next year. In the latest Ministry of Finance outlook, growth will reach 2.1% in 2016 and 2.5% in 2017. The bank’s analysts argue that Bulgarian exports will suffer most from Brexit. Investments will be affected too though not so strongly. A more limited effect is expected on the financing of the government and on the economy as a whole.
On Thursday the weather in Bulgaria will be sunny, in the afternoon over the mountainous areas with insignificant cumulus clouds. There will be a weak, in the eastern regions to moderate wind from the south-southeast. Temperatures will rise and..
Magura Cultural Center is participating in the art project ''Irenwe Wa: she speaks the regular way'', created as part of the Terminal 5 expansion at Chicago’s O’Hare International Airport. ''This installation highlights the voices of immigrant..
Bulgaria’s Prime Minister Rosen Zhelyazkov held a video conference with Ukrainian Prime Minister Yulia Svyrydenko. During the meeting, Rosen Zhelyazkov reaffirmed Bulgaria’s unwavering support for Ukraine in the context of the war. He recalled that..
"There is no control body and it is not clear who checks the sports attractions, as well as who is responsible for their use". This was..
More and more young people in Bulgaria are succumbing to the easy access to quick loans, driven by the lack of financial experience, the desire for..
The Food Safety Agency of Azerbaijan has imposed temporary restrictions on the import of certain goods from some regions of Bulgaria and Croatia due to..
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