Annual average inflation of 11.9% is the government's forecast in the July 1 budget update. The draft is on the finance ministry's website and proposes the government's borrowing limit to be raised to €5bn.
The unfavorable prospects for the budget will severely hamper Bulgaria's accession to the Eurozone in 2024, according to the Annual Report on Economic Development in the country by the Economic Research Institute at the Bulgarian Academy of Sciences .
If the war in Ukraine continues, stagflation is a possible scenario for the Bulgarian economy in 2022 because higher energy prices make exports more expensive and uncompetitive as foreign markets shrink, the report says.
The 14 th traditional meeting of the Harcoi is taking place today in Katselovo village, Dve Mogili municipality near the city of Russe. The event, taking place under the patronage of Dve Mogili mayor Marieta Petrova, starts at 9.30 AM with a water..
Two of the big puppets from Puppets Occupy Street from Craiova in Romania will be seen in Sofia for the first time as part of the International 6Fest Street Arts Festival. They will appear to a Bulgarian audience from 7.30 until 8.30 PM in..
On Saturday minimum temperatures will range between 16° C. and 23° C., for Sofia 16 ° C. During the day there will be sun with a light, in the Southeastern parts to moderate wind from the East-Northeast. Daytime highs will climb some more,..
The total consumer confidence indicator, or, in other words, consumers’ assessment of their economic future in Bulgaria and the current economic..
The National Social Security Institute pays 16,000 out of the total of almost 2 million pensions to Bulgarians abroad. The biggest number of Bulgarian..
On Saturday minimum temperatures will range between 16° C. and 23° C., for Sofia 16 ° C. During the day there will be sun with a light, in the..
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