The Bulgarian National Bank - BNB has made a forecast for inflation and economic growth that is significantly gloomier than that of the Ministry of Finance. According to the BNB, inflation will continue to be high and at the end of 2022 it will reach 7.5%. Expectations in the draft budget of the ruling coalition are for 5.6%.
During the year, economic growth will slow to 3.6%, according to the BNB, while the Ministry of Finance expects GDP growth of 4.8%.
The BNB forecast is based on the assumption that oil, natural gas and electricity prices would continue to rise on an annual basis until the end of the third quarter of 2022. After that there would be a decline until the end of 2023.
Bilateral relations between Bulgaria and Argentina have received a new impetus for development following the visit of an Argentine delegation from the Chaco province to Bulgaria at the beginning of November . High-ranking officials from the..
Employers are contesting the rise of the minimum wage. The Bulgarian Industrial Capital Association announced that they filed a complaint in the Supreme Administrative Court. About 430,000 people in the country work for minimum wage...
If the political crisis continues, the lost benefits will reach a threshold after which the Bulgarian business will begin to lose competitiveness due to growing deficits in education, healthcare, infrastructure, regional development and demographics...
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