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.
The Russian owner of the cargo ship linked to a supply of ammonium nitrate at the centre of the devastating explosion at the Port of Beirut in 2020 has been arrested in Bulgaria. Igor Grechushkin is wanted by Interpol, along with the ship's captain,..
Bulgaria's President Rumen Radev met with China’s Vice Minister of Commerce Ling Lee to discuss deepening economic partnership. The meeting was also attended by representatives of a Chinese business delegation visiting Sofia for the 18th session of..
From September 16 to 23, 2025, Varna once again becomes the capital of Bulgarian cinema. The Festival and Congress Centre-Varna will host the 43rd Golden Rose Bulgarian Feature Film Festival. The competition programme includes 17 feature films..
Motorway Europe-A6, which is 63 kms. long, has been put into operation. Connectivity between the Orient and Western Europe is now a fact, Minister of..
Bulgaria is ready to down Russian drones. The Northeastern part of the country is actively being monitored, Minister of Defence Atanas Zapryanov..
In order for young people to be adequately prepared for the challenges of contemporary life and the demands of today’s labour market, education needs to..
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