Gas prices are expected to rise on a one-off basis due to the halted supplies from Russia, but they will be offset by alternative supplies, according to European Commission's latest spring macroeconomic forecast for Bulgaria. Energy prices are expected to start falling after the summer.
The inflation rate prognosis for 2022 is 11.9%, while for 2023 it is 5%. The country's GDP growth for 2022 will plunge to 2.1 percent from 4.2% in 2021. Growth of 3.1 per cent is projected for 2023.
To soften the impact of high energy prices, employers will limit wage increases, freeze job openings and investment, trying to keep unemployment rate below 5 percent.
Testing of the sectional average speed control system began today. The tests are being conducted by the National Toll Authority in cooperation with the Bulgarian Institute of Metrology and are aimed at verifying the accuracy of the measurements before the..
On 7 April, the Directorate for Combating Organised Crime dismantled a migrant smuggling network. Three people were arrested - the organiser and two of his associates. The organiser is a third-country national who has been denied refugee status in..
On this day 46 years ago, Georgi Ivanov made history as the first Bulgarian to go into space. On 10 April 1979, at 20:34 Moscow time, the Soyuz-33 spacecraft was launched into orbit with Georgi Ivanov and Soviet commander Nikolai Rukavishnikov on..
The personnel crisis in the tourism sector has reached critical levels, with various data indicating that up to 70% of tourist sites..
House prices in the EU rose by 4.9% in the fourth quarter of 2024 compared with the same period in 2023, according to data from the European statistics..
Donald Trump Jr., the eldest son of the US president, is embarking on an Eastern European tour that will include Prague, Bratislava,..
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