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.
For the first 7 months of 2025, compared to the same period in 2024, electricity exports from Bulgaria have been growing. This was what the director of the Electricity System Operator (ESO), Angelin Tsachev, told the Bulgarian..
Starting in November, euro banknotes and coins will be offered for purchase to businesses and citizens before entering the eurozone on January 1, 2026. Traders will have to obtain euro banknotes and coins in order to be able to..
We expect the governments of Belgium and the Netherlands to decide soon on the acquisition of their decommissioned mine hunters by Bulgaria. This was what Minister of Defence Atanas Zapryanov said in Varna. He was guest at the solemn..
We expect the governments of Belgium and the Netherlands to decide soon on the acquisition of their decommissioned mine hunters by..
Starting in November, euro banknotes and coins will be offered for purchase to businesses and citizens before entering the eurozone on..
For the first 7 months of 2025, compared to the same period in 2024, electricity exports from Bulgaria have been growing. This was..
Clear
Partly Cloudy