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 Sofia City Court rejected Varna Mayor Blagomir Kotsev's request to amend his preventive measure of "detention in custody" and remanded him in custody, BTA reported. The ruling is not final and is subject to appeal. Sofia City Court receives..
A drone surfaced today on the North Beach in Burgas, a Bulgarian National Radio team reported. According to senior rescuer Petar Rusev, the machine was spotted in an unguarded area of the beach in the direction of Solnitsei. The signal for a..
Interior Minister Daniel Mitov told Parliament that 37 cases of harassment and aggression committed by youth gangs have been reported in Sofia since the start of the year, with 33 of the perpetrators already identified and detained. Government to..
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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