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.
Father Ivan from Novi Han has passed away, Bulgarian media reported, citing Georgi Georgiev, the mayor of the village of Yakimovo. The priest gained widespread recognition for the noble cause to which he dedicated his life — offering warmth, shelter..
For generations the first day of school has brought excitement to every Bulgarian home, President Rumen Radev said at the ceremony giving the start to the new school year at the First English-language Secondary School in Sofia, the Bulgarian news..
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 Regional Development and Public Works Ivan Ivanov said at the unveiling of the motorway. The..
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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