7.8% is the inflation rate in Bulgaria for 2021. The last time such a rate has been registered was in 2008, the National Statistical Institute says. Because of the pandemic, the forecasts for 2022 are for inflation of 6%. This will reduce consumption, and economic growth respectively down to 3.6-3.9%.
The steepest price rise during the year is of foodstuffs – cooking oil by 24.4%, followed by bread – 15.2%, dairy products and eggs – 9.8%. The prices of vegetables have gone up by 12.4%, and of fruit – by 9.6%. Transport costs have gone up by 22.2%.
Clothes (0.8%), communications (5.3%) and airline tickets (7.8%) are the only commodities whose prices have gone down year-over-year.
To insist on seeking a military settlement to the conflict in Ukraine is a losing venture. Europe should support the efforts of the US to find a better solution, said President Rumen Radev at the Chief of Defence Annual Conference in Sofia. At..
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Bulgaria is to take part in common procurement procedures in the sphere of defence at an EU level, under projects for the acquisition of IRIS-T air defence systems and CAESAR self-propelled howitzers. The Ministry of Defence applied for and..
According to data from Eurostat, Bulgaria has met the final criterion for joining the eurozone, namely price stability, Minister of Finance Temenuzhka..
The Ministers of Agriculture of Bulgaria, Hungary, Romania and Slovakia have called on the European Commission to restore pre-war import quotas for..
On Tuesday , the minimum temperatures in Bulgaria will be between minus 5 and 0°C, in the northeast - as low as minus 11°C. In Sofia, it will be around..
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