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.
The President of the European Parliament, Roberta Metsola, addressed a brief message to Bulgaria in connection with the positive conclusions of the convergence report on Bulgaria's readiness to adopt the euro as of January 1, 2026: ''I welcome..
At today's meeting, the Bulgarian government decided to open an honorary consulate in the Republic of El Salvado r. Miguel Alejandro Gayegos García, an El Salvadoran citizen, has been appointed as the Honorary Consul, based in San Salvador, with consular..
At today's meeting, the Bulgarian Council of Ministers approved the establishment of a coordination mechanism for monitoring and control related to the introduction of the euro in Bulgaria. This provides an additional guarantee for a smooth transition..
The vote in the European Parliament’s Foreign Affairs Committee on the annual report regarding North Macedonia's progress towards EU membership was..
As expected, the European Commission's convergence report on Bulgaria, published today, confirms that the country is ready to adopt the euro on 1 January..
'Legal changes have been drafted in response to the frequent road accidents involving trucks, ' said Grozdan Karadzhov, the Deputy Prime Minister and..
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