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 violation of the airspace of sovereign Poland leads to a dangerous escalation of tension between Russia and NATO, President Rumen Radev wrote on the social network "X". Such actions also undermine efforts to restore peace in Europe, which we need..
"Created in Bulgaria, recognized worldwide!" - this is the motto of the largest innovation event in robotics and autonomous technologies in Bulgaria - Robotics Strategy Forum, which will be held on September 11, 2025 in Sofia Tech Park - "John..
On Thursday, temperatures will be between 16 and 19°C , with 16°C in Sofia. During the day, a cold atmospheric front passing from west to east will bring more significant cloud cover. Scattered showers will start around noon in western and central..
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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