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 President of the European Central Bank (ECB) Christine Lagarde welcomed the governor of the Bulgarian National Bank (BNB) Dimitar Radev as an observer on the Governing Council of the ECB. In a post on social networks, Lagarde has recalled..
Unprecedentedly, Bulgaria will get a chance to access 22.3 billion euros . This was stated by MEP Andrey Novakov at a joint briefing for Bulgarian journalists in Strasbourg with his colleagues Andrey Kovatchev and Emil Radev. "Bulgaria will get..
A new airline will connect Bucharest and Sofia from October 1. This was announced by the Bulgarian Ambassador to Romania Radko Vlaykov and the co-owner of the Romanian airline AnimaWings Cristian Pandel. At the Bulgarian embassy in Bucharest and..
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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