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.
During her visit to London, Vice President Iliana Iotova met with Deputy Mayor Joanne McCartney. McCartney is also the Deputy Mayor for Children and Families. The meeting focused on the difficulties faced by a section of the Bulgarian..
Renegotiation of Bulgaria's EU membership has been demanded in a declaration on behalf of the Vazrazhdane parliamentary group by the party leader Kostadin Kostadinov . According to him, EU membership does not meet Bulgaria's interests. At the..
Bulgaria welcomes the agreement on a ceasefire in Ukraine reached between the delegations of Kiev and Washington, who met in Jeddah, Saudi Arabia on Tuesday. This is clear from a post by Prime Minister Rosen Zhelyazkov on the social network X. The..
A fifth boycott of large retail chains has been announced for today. The organizers also called on citizens to refrain from using banking..
A draft law has been prepared with the aim of regulating the relations along the entire chain from food producers to buyers. It proposes markup limits,..
Bulgaria's Constitutional Court has declared the election of 16 MPs in the current Bulgarian Parliament illegal . The decision was published on the..
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