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.
Science and physics are the driving forces behind human progress, and events such as this one are a source of pride for Bulgaria. The Minister of Education, Krasimir Valchev, congratulated the participants in the IX European Physics Olympiad with these..
"A group of Bulgarian citizens has been successfully evacuated from Israeli territory by the Ministry of Foreign Affairs, with the assistance of our embassy in Tel Aviv. For the safety of the travelers, more complete information about..
More than 60 Bulgarian customs officers have undergone training with UK specialists. This was announced during a demonstration of technical equipment for checking cargo and vehicles, provided to the Customs Agency. The demonstration..
More and more foreign students have been choosing Bulgarian universities and higher education institutions in recent years, the Bulgarian News Agency..
The plane with 148 people evacuated from Israel landed at Vasil Levski Airport in Sofia at 02:30 . 89 of the people are Bulgarians and..
This year, Bulgaria had the best winter season, Tourism Minister Miroslav Borshosh said at a briefing, referring to data for the first four months, BTA..
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