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 fifteenth edition of Sofia Paper Art Fest 2025, which will take place from June 3 to 15 in the National Palace of Culture, will be held under the motto “Spirit and Matter”, BTA informs. According to the organizers, the motto of the forum contains a..
On Tuesday minimum temperatures will range from 12° C. to 17° C., for Sofia 12° C. During the day the weather will be predominantly sunny. At around midday and in the afternoon cumulus and cumulonimbus clouds will form mostly over the mountains and..
The Ambassador of the Republic of North Macedonia to Bulgaria Agneza Rusi Popovska has sent a letter of gratitude to the director of the Pirogov Emergency hospital in Sofia Dr. Valentin Dimitrov, expressing gratitude for the rescue of the children and..
At a meeting with International Monetary Fund (IMF) Managing Director Kristalina Georgieva, Prime Minister Rosen Zhelyazkov stressed that the country is..
More than 2,000 post offices in small towns and villages will exchange Leva for Euro from the day Bulgarian joins the Eurozone, Stanimir Belinov,..
On Monday, the weather will be mostly sunny before noon. There will be some cumulus clouds in the afternoon, which may bring brief showers to some..
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