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.
'We condemn the unprovoked violation of airspace,' declared Prime Minister Rosen Zhelyazkov in response to yesterday's incursion of drones into Polish airspace. Speaking during a visit to the town of Simitli, he emphasised: 'Our position is clear and..
The debate on the introduction of the euro and Bulgaria’s membership in the Eurozone is more of a political issue than an economic or social one, Premier Rosen Zhelyazkov said during an event in Blagoevgrad within the National Information Campaign..
The activation of Article 4 of the NATO Treaty does not mean involvement in war, Foreign Minister Georg Georgiev told journalists at a forum in Blagoevgrad. “Consultations are to be scheduled under Article 4 of the NATO Treaty. There are not many..
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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