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 General Consulate of Bulgaria in Los Angeles warned on its Facebook page that the fires in the metropolis have caused water contamination in some areas and urged Bulgarian citizens living in the affected areas to closely monitor the..
Caretaker Minister of Defense Atanas Zapryanov took part in the 25th meeting of the Ukraine Defense Contact Group at the level of Ministers of Defence at the Ramstein Air Base in Germany. There, Minister Zapryanov said that in line with the decisions..
On January 10 and 11, flower enthusiasts can treat themselves to an exciting walk in the tropical greenhouse of the Botanical Garden of the Bulgarian Academy of Sciences. Visitors will have the opportunity to enjoy the charming blossoms of..
GERB-SDF, Democratic Bulgaria (DB), the Bulgarian Socialist Party (BSP) and There Is Such a People (ITN) are resuming intensive talks to form a..
Bulgaria’s accession to the eurozone is the next major priority after the country’s full membership in Schengen. "The eurozone is at our doorstep",..
Democratic Bulgaria stated in a message to the media that the nominations for prime minister and the composition of the Council of Ministers..
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